$200 million isn’t easy. But we did it! Let’s keep going! | Justin Sun孙宇晨 on Binance Square

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Justin Sun孙宇晨

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$200 million isn’t easy. But we did it! Let’s keep going! #USDD 

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The fraud that struck TUSD was not an accident, nor a misunderstanding — it was a coordinated, deliberate, multinational scheme executed by individuals and institutions who abused trust, violated fiduciary duties, and siphoned off USD 456 million in user assets for their own enrichment. At the center of this conspiracy were Aria Group and its leader Matthew Brittain, supported by FDT and Legacy Trust under Vincent Chok, Finaport and its control person Yai Sukonthabhund, and Alex De Lorraine of Archblock / TrueCoin, all of whom played critical roles in misrepresenting the nature of the investment, forging documents, concealing the true destination of funds, and enabling secret kickbacks. This was not a single failure — it was a systemic betrayal carried out by parties across Dubai, Hong Kong, Singapore, the United States, and the Cayman Islands. They thought they could steal USD 456 million, disappear into the shadows, and walk away freely — because no one would pursue them. Their entire plan rested on several deeply flawed assumptions: ⸻ 1. They believed stablecoin reserves are “ownerless money.” The fraudsters — including actors across FDT, Legacy Trust, Finaport, Aria Group, and TrueCoin — assumed: •Stablecoin holders are countless, scattered retail users. •No single party has the incentive to fight a multi-jurisdiction battle. •Users would never have the resources to chase a complex, cross-border financial crime. •The ecosystem would simply “move on.” They expected this to become another unpunished financial disappearance — like many previous incidents in crypto. ⸻ Read More 👀👇 https://x.com/justinsuntron/status/1997422627250717075

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Congratulations to @Yi He on becoming the co-CEO of Binance! She has always been a role model to me in entrepreneurship, and I truly hope she and Binance continue to grow stronger together. https://x.com/binance/status/1996101031508488248

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TRON and HTX have completed our donation to the Da Pu Hong Kong Government Support Fund. We are taking action! Praying for the people of Hong Kong 🇭🇰!

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Higher. https://x.com/lookonchain/status/1995350806942597540

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Transparency matters. More updates to come. Watch the press conference below. https://x.com/DefiantLs/status/1994063185037467818

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