TrueUSD defendant given days to disclose source of legal funding in $456 million case

A defendant in TrueUSD’s $456 million court case has been given days to identify how its legal costs are being financed. The required affidavit must set out the sources of payment for the defendant’s legal representation, according to CryptoSlate. The court’s direction does not impose an immediate penalty. Any sanctions would depend on a further application by Techteryx, meaning additional court action would be required before penalties could be considered. The funding disclosure adds a procedural development to the dispute involving TrueUSD, the crypto asset associated with the case. Details of the defendant’s funding arrangements were not provided in the available report. The matter remains focused on compliance with the court’s request for financial information related to legal payments.