According to @justinsuntron, a coordinated multinational scheme siphoned approximately $456 million in TUSD user assets through Aria Group led by Matthew Brittain, FDT and Legacy Trust under Vincent Chok, Finaport controlled by Yai Sukonthabhund, and Alex De Lorraine of Archblock and TrueCoin, using forged documents, concealed fund destinations, and secret kickbacks (source: @justinsuntron). He states he personally backstopped the full $456 million shortfall to stabilize TUSD overnight, countering an expected collapse of the project and protecting users (source: @justinsuntron). He further claims a global legal offensive is underway, citing a DIFC first-ever worldwide freezing order alongside actions in the Cayman Islands toward liquidation, Singapore cases targeting kickbacks and tainted redemptions, UK AML and financial crime investigations, and U.S. avenues implicating wire fraud tied to Archblock and TrueCoin (source: @justinsuntron). He adds that whistleblowers, a cooperating accountant, former victims, and forensic tracing have surfaced to expose the alleged laundering network, framing these steps as safeguarding users and stabilizing TUSD per his account (source: @justinsuntron).

According to @justinsuntron, he announced in April a rescue plan using personal funds to bail out all public TUSD holders and cover an approximately $500 million liquidity shortfall (source: @justinsuntron). He states the shortfall arose from alleged large-scale fraud and misappropriation by fiduciaries responsible for safeguarding TUSD reserves, naming ARIA group, First Digital Trust, Legacy Trust, Finaport, Truecoin, and individuals Matthew Brittain, Vincent Chok, Alex De Lorraine, and Yai Sukonthabhund (source: @justinsuntron). He says Techteryx has filed lawsuits across jurisdictions, including the Dubai International Financial Centre Courts, alleging roughly $500 million of TUSD reserves were misappropriated through fraud (source: @justinsuntron). He reports the DIFC Courts found there is a serious issue to be tried regarding alleged fraudulent inducement tied to representations that Aria Commodity Finance Fund was a low-risk, insured vehicle (source: @justinsuntron). He alleges funds were diverted to Aria Commodities DMCC and routed through multiple financial centers, then laundered or locked in non-redeemable loans linked to projects such as a UAE bitumen facility, African coal rights, crypto transactions with FTX, and commodity and infrastructure initiatives in the US, Ukraine, and Australia (source: @justinsuntron). For TUSD traders, he emphasizes the rescue plan aims to cover the liquidity gap while Techteryx pursues asset recovery via litigation, key factors to watch for redemption confidence and market liquidity (source: @justinsuntron).