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Dubai Court Sets Deadline for Brittain in TrueUSD Case

Dubai court requires Matthew Brittain to name legal funders in TrueUSD reserves dispute by September 7 or risk sanctions.

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1 Source, 27d ago, first seen 27d ago

TLDR

CryptoSlate reported that Dubai's DIFC Courts ordered Matthew Brittain to identify who paid his legal costs in the TrueUSD reserves dispute by September 7. The case involves $456 million in contested reserves. Missing the deadline would let Techteryx request court sanctions. Ownership of the reserves remains unresolved according to the coverage. The report cites the court order directly without additional confirmation from other parties in the packet.

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1 Source, first seen 27d ago

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Combined views

1.4K

1 Source, first seen 27d ago

1 likes

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1 Source

@CryptoSlate🏛️ POLICY: A Dubai court gave Matthew Brittain until Sept. 7 to identify who funded legal costs tied to the $456M TrueUSD reserve dispute. If he misses the deadline, Techteryx can ask the court for sanctions. Ownership of the disputed reserves is still unresolved. https://cryptoslate.com/trueusds-456m-stablecoin-court-case-gives-defendant-days-to-reveal-who-funded-their-legal-defense-or-face-court-sanctions/
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    1 Source

    @CryptoSlate🏛️ POLICY: A Dubai court gave Matthew Brittain until Sept. 7 to identify who funded legal costs tied to the $456M TrueUSD reserve dispute. If he misses the deadline, Techteryx can ask the court for sanctions. Ownership of the disputed reserves is still unresolved. https://cryptoslate.com/trueusds-456m-stablecoin-court-case-gives-defendant-days-to-reveal-who-funded-their-legal-defense-or-face-court-sanctions/
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