What happened with TUSD wasn't some operational hiccup or regulatory gray area. This was a full-blown, cross-border heist — orchestrated by people and entities who knew exactly what they were doing. They exploited trust. They broke every fiduciary rule in the book. And they walked away with $456 million that belonged to users.
No confusion. No accident. Just calculated theft dressed up in corporate language. The kind of scheme that takes planning, coordination, and a stunning disregard for the people whose money was on the line. When institutions meant to safeguard assets become the ones draining them, that's not just fraud — it's a collapse of the entire trust infrastructure this space claims to run on.
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GasGoblin
· 12-07 01:52
This is the current state of Web3: even the institutions themselves don't trust themselves.
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probably_nothing_anon
· 12-07 01:51
ngl this is outright theft, there's nothing to argue about, 456 million is just gone like that
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AirdropCollector
· 12-07 01:46
It's the same old trick again. Institutions rely on trust to scam money, and $456M is just gone like that... This is fucking ridiculous.
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StillBuyingTheDip
· 12-07 01:30
ngl this is just ridiculous, institutions are supposed to protect us but instead they're the ones profiting at our expense. Trust is really being messed up.
What happened with TUSD wasn't some operational hiccup or regulatory gray area. This was a full-blown, cross-border heist — orchestrated by people and entities who knew exactly what they were doing. They exploited trust. They broke every fiduciary rule in the book. And they walked away with $456 million that belonged to users.
No confusion. No accident. Just calculated theft dressed up in corporate language. The kind of scheme that takes planning, coordination, and a stunning disregard for the people whose money was on the line. When institutions meant to safeguard assets become the ones draining them, that's not just fraud — it's a collapse of the entire trust infrastructure this space claims to run on.