The much-publicized case of the missing TUSD reserves has finally seen substantial progress.

A few months ago, FDT, responsible for custodial TUSD collateral assets, started to make small moves - transferring reserve funds in multiple batches, amounting to a total of $456 million. This money should have been sitting quietly in the custodial account to back the stablecoin, but instead, it was manipulated and disappeared without a trace.

The good news is that the Dubai Digital Economy Court has officially issued a global asset freeze order. It seems that this tug-of-war for rights has finally received a response, although it's a bit late, but the judgment that was supposed to come has arrived. Next, let's see how much of the over 400 million can be recovered.