In a bombshell accusation, TRON founder Justin Sun has leveled serious allegations against First Digital Trust (FDT), alleging the misappropriation of $456 million in TUSD funds. This act raises significant concerns about financial transparency and accountability within the trust ecosystem. The accusations, dubbed the ‘Seven Sins’ by Sun, came on April 8, 2025, during a regulatory crackdown on trust operations in Hong Kong. Sun emphasized that these are not just financial matters; they are about upholding justice and demanding swift action from regulators. Meanwhile, FDT CEO Vincent Chok dismissed the allegations as a smear campaign. This scandal has triggered market volatility, with stablecoin depeggings occurring, leading to potential regulatory changes in Hong Kong. 10 million USD bounty for evidence gathering has been announced by Sun, emphasizing accountability and the need for robust regulation. This incident echoes past financial controversies like FTX collapse, raising concerns about transparency and investor protection within the Web3 space.