$USDC 💥 Justin Sun reveals misuse of TUSD reserves
Justin Sun, the founder of TRON, disclosed a fraudulent scheme involving more than $500 million in TrueUSD (TUSD) stablecoin reserves.
👉 The funds were transferred through First Digital Trust (FDT) and Legacy Trust into ARIA entities and then routed to accounts at four major Dubai banks.
❗️ The TUSD reserves were misused for investments in renewable energy projects, leading to a liquidity crisis.
Sun called on UAE authorities to investigate the incident, freeze suspicious assets, and tighten oversight of financial flows.
