2025-11-28 05:30:58

Sun Yuchen held a briefing in Hong Kong today, directly revealing the details of the TUSD reserve being misappropriated—where the funds went, who should be responsible, and how big the risks are; all these sensitive pieces of information were laid bare. This matter has now completely entered the judicial process, no longer just a rumor within the circle. How safe are the reserves of the stablecoin? Is the Compliance aspect really reliable? The market is currently paying close attention. He also mentioned the progress at the DIFC court, but further actions still need to be observed.

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ZKProofEnthusiast

· 2025-11-30 13:06

Buddy, this really counts as breaking the window paper, but this attitude is still quite sincere. There are indeed not many projects that dare to publicly lay out the details.

To put it bluntly, the reserve funds still depend on whether there is real money involved; just talking is useless.

Wait, if DIFC really means business, the stablecoin ecosystem will have to be reshuffled.

After this wave, who would still dare to boast about their reserve funds?

Laying it all out looks much more solid than hiding it away, but how to compensate afterwards is the key issue.

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LiquidityWitch

· 2025-11-28 05:58

It's really bold of this guy to publicly say that the reserve funds have been misappropriated.

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ser_ngmi

· 2025-11-28 05:55

To be honest, I was quite surprised by this proactive showdown; generally, who would dare to do this? It's either that they can really withstand it, or they are just breaking the jar and letting it break.

Waiting to see the court's judgment feels like the real drama.

It looks like the Crisis of Confidence for stablecoins is about to hit again. Shouldn't USDT also reflect on this?

Is it more candid to reveal that the reserves have been misused rather than hiding it? However, whether confidence can be restored is another matter.

How long will the judicial process take? It feels like it will drag on for a long time.

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CryptoFortuneTeller