NEWS: A global fraud diverted $456M in TUSD reserves into Aria Commodities DMCC, exposing thousands of users to serious risk. According to details shared at a Hong Kong press conference on November 27, the funds were misappropriated through offshore entities, illicit kickbacks, and breaches of fiduciary duty. Justin Sun voluntarily stepped in, using personal funds to protect TUSD users when reserves were compromised. A Dubai court has now issued a worldwide freeze on the $456M. This is a major victory for accountability.

Share








Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.