This article exposes a sophisticated $456 million fraud scheme involving TUSD, orchestrated by Matthew Brittain and coordinated across multiple jurisdictions including Dubai, Hong Kong, and Singapore. It details how fraudsters exploited regulatory gaps and misconceptions about stablecoin reserves as 'ownerless money' to execute their scheme. The article examines participating entities, operational mechanisms, and the coordinated global legal response that successfully intervened. Through whistleblower testimony and blockchain forensic analysis, investigators traced fund movements and built comprehensive evidence across jurisdictions. The article provides essential security measures for identifying stablecoin risks, including verifying issuer licensing, auditing reserve backing, reviewing code security, and prioritizing regulated stablecoins. For TUSD holders, it recommends immediate conversion to stable assets and monitoring official recovery announcements on Gate and other platforms.