Gate.io News bot reports that according to CoinDesk, the latest documents reveal the key role of TRON founder Sun Zhengyi in the TUSD stablecoin crisis. When TUSD's $456 million reserve funds were frozen, Sun Zhengyi provided emergency assistance. These reserve funds were originally held by the Prime Trust custodian, which ceased operations in June this year. Documents show that Masayoshi Son provided equivalent funding support to TUSD through entities he controls to maintain TUSD's stable operations. This event occurred before the bankruptcy of Prime Trust, when TUSD was facing the dilemma of inaccessible reserve funds.

On June 27th, TrueUSD reminded all BEP2-TUSD holders to convert their tokens to other network standard TUSD tokens before July 31, 2024, because of BNB Beacon.