Core Insights - The article discusses the recent financial scams targeting wealthy individuals, highlighting two significant cases involving substantial losses [2][5]. Group 1: Case of Sun Yuchen - Sun Yuchen, a prominent figure in the cryptocurrency space, lost approximately 4.7 billion yuan (around 33 million USD) due to a trust mishap involving TUSD, a stablecoin he acquired [2][3]. - The trust company managing TUSD's dollar reserves was replaced, leading to a fraudulent transfer of funds to a dubious offshore fund, resulting in the loss of the stablecoin's backing [3][4]. - Legal actions are underway, with evidence appearing to support Sun's claims against the involved parties, including asset freezes in Dubai [4][5]. Group 2: Case of Nicolas Puech - Nicolas Puech, the fifth-generation heir of Hermès, was defrauded of assets valued at 15 billion USD (approximately 100 billion yuan) by his long-time financial advisor, who mismanaged his shares [5][7]. - The relationship soured over a 1 million USD check, leading to the discovery that Puech's Hermès shares had been sold without his knowledge [6][8]. - Following the advisor's sudden death, Puech's financial situation drastically changed, illustrating the risks associated with misplaced trust in personal advisors [8][9]. Group 3: Industry Insights - The article emphasizes that the trust and wealth management industry, once considered reliable, has become a breeding ground for fraud, affecting both traditional and new wealth holders [9][10]. - High-net-worth individuals often seek problem-solving capabilities rather than just returns, making them vulnerable to scams that exploit their needs [10][11]. - The article warns that full delegation of authority to third parties can lead to significant risks, as these individuals may exploit their positions of trust [12][13].

*此图由AI生成，非现场图 作者| 史大郎&猫哥 来源| 是史大郎&大猫财经Pro 超级富豪，正在沦为待宰的羔羊。 被骗的钱，少的几十亿，多的上千亿，最近有俩人，都被骗惨了。 第一个是币圈大佬"孙割"，一直在收割别人，结果马失前蹄，居然被香港一个信托搞走33亿，这是咋回 事呢？ 之前，孙割收了一个稳定币公司，主要发行TUSD，跟美元1:1，而要发行也要有对应的美元资产来做储 备，有4.7亿美元（大约33亿人民币），结果没多久就暴雷了。 钱是咋没的呢？ TUSD股东换人，托管的美元资产也要换信托公司，而新老俩信托，是同一个老板。 股东交替，两家信托公司也完成储备金的交接，而新信托跟新加坡的一家理财公司签了一份"全权委托 投资管理协议"，4.7亿美元投到一家开曼群岛的Aria基金发行的美元债，而钱通过6笔转账，打到了位 于迪拜的Aria DMCC公司里。 但是信托那边说，操作和协议都有孙割授权，合法合规，孙割的指控是诽谤，会采取法律措施来维护清 白。 目前来看，证据有利于孙割，迪拜、新加坡、香港，三地同时打官司，而迪拜已经给Aria基金下了资产 冻结令。 孙割被收割，官司估计不难，但是钱很难拿回来了。 第二个案子 ...

Core Points - Justin Sun accused First Digital Trust (FDT) and its CEO Vincent Chok of exploiting Hong Kong's trust company framework to move hundreds of millions of dollars in TUSD reserves offshore [1][2] - Allegations include rerouting stablecoin reserves offshore and fabricating transaction documents to conceal these transfers [2][3] - Techteryx, the issuer of TUSD, claims that FDT was unauthorized to send funds to Aria Commodities DMCC, which are now tied up in illiquid deals [4][5] Company Actions - Techteryx appointed FDT as the fiduciary responsible for managing TUSD reserves since its acquisition in 2020 [2] - Techteryx instructed FDT to place reserves only in the Aria Commodity Finance Fund, while FDT claims it acted on instructions from Techteryx [6] Legal Developments - Dubai's Digital Economy Court has issued a worldwide freeze on assets related to the alleged misappropriation, pending resolution by Hong Kong courts [7] - The court ruling highlights serious issues that need to be addressed, adding pressure on local regulators regarding custodial practices [8] Regulatory Context - The situation poses a challenge for Hong Kong's regulatory framework as the city prepares to implement a stablecoin licensing regime focused on custodial controls for investor protection [8]

Stablecoin Landscape - The document lists a variety of stablecoins, including USDT, USDC, BUSD, FDUSD, PYUSD, GUSD, TUSD, USDP, DAI, sUSD, LUSD, FRAX, USDD, USDe, and USD1 [1] - Mentions the question of how many stablecoins are sufficient [1] - Includes potentially misspelled or variant stablecoin names like mUSD, NET, and PYUSD0 [1]

Group 1 - Web3Bounty.io has launched a new bounty program to recover $456 million in stolen TUSD reserves, establishing a $50 million reward pool for credible information [1][3] - The program aims to unite the Web3 ecosystem to investigate the case and hold responsible parties accountable, as multiple licensed trust companies in Hong Kong misappropriated over $500 million in client assets [3] - The bounty represents approximately 10% of the stolen assets, and all submitted information will undergo independent verification before rewards are distributed [3] Group 2 - The initiative has garnered significant attention in the blockchain industry due to the large amount involved and its widespread impact, with Web3Bounty.io seeking to enhance the credibility of digital asset custody [3] - Sun Yuchen, founder of TRON, publicly supported the launch of the bounty program, emphasizing the importance of combating Web3 fraud and increasing industry transparency [3]