From a visionary to a global force — honored to be featured on Forbes as Crypto’s Billionaire Barker. TRON’s journey continues, powering a global payment system with 300 million users and counting. Decentralization will prevail.
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
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.
TRON and HTX jointly donated 10 million HKD to support the fire rescue efforts in Tai Po, Hong Kong
TRON and HTX have urgently launched a charitable assistance mechanism to donate 10 million HKD for the Tai Po fire rescue, which will be used for frontline rescue efforts, temporary accommodation for affected residents, and basic living supplies guarantee.
TRON and HTX pay tribute to the firefighters, medical staff, and community workers fighting on the front lines, and will continue to pay attention to the post-disaster development needs. We are willing to walk hand in hand with the citizens of Hong Kong, to fulfill our corporate social responsibility through practical actions, and to jointly safeguard the safety and stability of the city.
Read more from Sam Reynolds @CoinDesk 👇 https://www.coindesk.com/policy/2025/11/27/justin-sun-doubles-down-on-first-digital-trust-fraud-allegations-urges-h-k-regulators-to-act
Being discussed and criticized by everyone, giving us an opportunity, is a good thing. The evaluation of people and matters is also dynamic. Listening to everyone's suggestions and correcting one's work is not a bad thing. Let's build good relationships.