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Justin Sun frequently tangles with the legal system, historically as a defendant, but increasingly as the plaintiff.  These cases often involve firms of which Sun disclaims ownership but in which he’s deeply involved nonetheless.  First Digital hits back at Techteryx The lawsuit that has most recently entered the public consciousness is between Techteryx and First Digital Trust.  This suit contains allegations from Techteryx, the firm behind TrueUSD (TUSD), and alleges that First Digital Trust misappropriated portions of the TUSD reserves. It also discusses how large portions of the TUSD reserves were invested in a fund that is now refusing to honor redemptions. Sun asserts that First Digital Trust’s alleged insolvency is the reason for this rejection . Justin Sun bailed out $500M stablecoin TUSD, report Read more: First Digital defends FDUSD from Justin Sun’s attacks First Digital Trust, which is behind the FDUSD stablecoin, has...

Here's where cryptocurrency firms have received the most regulatory approvals and licenses over the past few weeks. Cryptocurrency companies have been moving to improve compliance worldwide amid the bear market of 2022, with many platforms increasingly securing licenses and approvals.  As one may find it difficult to track all global regulatory milestones in crypto, Cointelegraph has picked up some of the latest compliance developments over the past couple of weeks. Global crypto firms have recently been active in growing presence and compliance in North America, with exchanges like China-founded Huobi Tech entering Canada. Huobi Technology Holdings announced on Aug. 23 that its subsidiary Hbit Technologies has successfully obtained a Money Services Business (MSB) license from the Financial Transactions and Reports Analysis Centre of Canada. With the new license, Huobi Tech is officially authorized to engage in regulated activities for foreign exchange , money transferring and vi...