Overview
- Justice Michael Black KC ruled on Oct. 17 that Techteryx showed serious issues to be tried and left the worldwide freezing injunction in place until further order.
- He found Techteryx had a credible constructive trust claim and cited a real risk that Aria’s controller, Matthew William Brittain, could dissipate or restructure assets.
- Techteryx alleges TrueUSD reserves were routed in 2021–2022 through Hong Kong trustee First Digital Trust to Aria Commodities DMCC for commodity finance and other illiquid ventures.
- The court noted Aria provided no evidence explaining transfers or ownership of assets, while First Digital Trust did not respond to requests for comment.
- The disputed shortfall was covered by Justin Sun to redeem token holders, and related ownership questions are expected to be addressed in proceedings that include Hong Kong courts.