Big things are coming.

A founder of a well-known cryptocurrency company held a media conference in Hong Kong, focusing on a single topic—someone tampered with TUSD reserve assets. The Dubai International Financial Centre Court has taken action, directly freezing the involved party's assets of $456 million. That's right, over four hundred million dollars, not a small amount.

Now this money is being pursued globally. The actions of the parties involved are quite wild: forging authorization documents, transferring funds privately, and executing the entire process in one go. The court demands that they must explain the whereabouts of the funds; if they do not cooperate? Then just wait to face the legal consequences.

This issue has caused quite a stir in the blockchain community. Are the reserves of stablecoins really safe? Who will regulate them? These old questions have been brought up again.

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digital_archaeologist

· 11-28 03:59

The issue of stablecoin reserves should have been investigated a long time ago. Every day we shout about Decentralization, yet we still have to rely on the courts to manage it. Hilarious.

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CoinBasedThinking

· 11-27 10:51

Here it comes again, the trap of stablecoin reserves, really no one can believe it.

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MainnetDelayedAgain

· 11-27 10:39

According to the database, this is the nth time the Crisis of Confidence of stablecoins has been brought up for discussion... How long has it been since the last similar incident was exposed? It should be recorded in the Guinness World Records. --- $456 million just disappeared like that, the project party's promises continue to ferment, let’s wait for the flowers to bloom. --- Forged documents, unauthorized transfers... the timing art of this trap is enough to delay how many commitments. --- Is it a reserve issue again? Feel free to supplement data and see the interval periods of such "surprising discoveries." --- So who should be responsible for the reserves of stablecoins? Or should we continue to delay the answer?

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0xOverleveraged

· 11-27 10:31

The issue of stablecoins should have had someone take the hit long ago, 456 million frozen feels great.

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