A massive fraud involving TUSD has been uncovered, revealing a coordinated scheme that siphoned off $456 million in user assets. The conspiracy, led by Aria Group's Matthew Brittain and involving FDT, Legacy Trust, Finaport, and Archblock/TrueCoin, spanned multiple countries including Dubai, Hong Kong, Singapore, the U.S., and the Cayman Islands. These entities misrepresented investments, forged documents, and concealed fund destinations, assuming stablecoin reserves were "ownerless money." The fraudsters believed no one would pursue them, but their assumptions were shattered when Justin Sun intervened to stabilize TUSD, and a global legal offensive was launched. This included actions in Hong Kong, Dubai, Singapore, the UK, and the U.S., leading to significant legal and regulatory measures. Internal whistleblowers and forensic tracing have further exposed the network, breaking the conspirators' information barrier.