RaaS #549: Justin Sun Accuses Aria of $456M TUSD Fraud!

MegaETH Refunds Deposits, Amundi Tokenizes First Fund, and Moar!

Justin Sun claims Aria Commodities ran a $456M TUSD reserve fraud, laundering the funds through bogus ventures. He says he personally injected nearly $500M in 2024 to save TUSD, and praises the DIFC Court’s global asset freeze. Wild storyline.

Kalshi just got slapped with a class action lawsuit in the United States District Court for the Southern District of New York (SDNY) for allegedly running an illegal sports-betting platform and “duping” users into thinking they were betting against other people, when they were actually betting against the house. A new villain arc unfolds.

Arcium unveiled RTGs, a system meant to kill airdrop farming and reward real community members using on-chain and off-chain scoring. First recognition event lands with Mainnet Alpha. Farmers are in shambles.

Is InfoFi cooked… or is something bigger brewing? Radarblock’s On The Radar is back, and this week, Oli brings in Alexa from Cookie3 to break down whether InfoFi is actually dying, evolving, or about to enter its final form. If you want the real answer, tune in at 2:30 PM UTC and catch the full conversation.

MegaETH says the pre-deposit system is being fully reset. All funds will be refunded, plus reward credits, and the USDC-to-USDM bridge will reopen closer to Frontier mainnet to ensure a smooth day-one launch. CT's reaction has been largely supportive, with many users calling the move "bullish" for prioritizing long-term trust over short-term hype, even if it stings for early depositors.

Big dawgs energy.

Security firm Socket uncovered “Crypto Copilot,” a Chrome extension that claimed to enable Solana trading, while secretly siphoning 0.05% per swap to an attacker. It’s still live on the Chrome Store, so if you installed it, act accordingly!

Bold, our beloved comic author on CT, complained about a multi-hour Coinbase deposit. Cobie offered to help, reflecting shared user experiences with the platform's compliance-focused approach. Later that day, the exchange confirmed a fix had been deployed.

Your daily dose of bite-sized crypto news.

1. Openledger kicks off the next phase of its buyback, preparing a $5M OPEN repurchase fully funded by enterprise revenue.

2. Subsquid integrated x402 under Rezolve, enabling on-chain AI agents with enterprise-grade payments and data flows.

3. Yonhap reports North Korea’s Lazarus Group is suspected of stealing ~$30.6M in crypto from Upbit.

4. YZi Labs filed a preliminary consent statement aiming to expand the board of CEA Industries.

5. Space Computer raised $10M in a round led by Maven Capital and Lattice Fund.

Europe’s largest asset manager launched a tokenized share of its CASH EUR fund directly on Ethereum. CACEIS provides the infrastructure, and a Bitcoin ETP is coming in early 2026.

Infinex opened its INX sale on Sonar: 5% supply at a $300M FDV, on equal terms for all participants. Patron NFT holders get priority; others join a lottery.

Please, when will this end?

Top gainers: ETH6900, BBT, TRADOOR, TURBO, SQD

High-signal reads are worth your time, all in one place.

1. Stacy Murr gives a quick scorecard of 2025 TGEs. Most new tokens got rocked, a few kept real liquidity, and FDV mania got taught a hard lesson.

2. Antonio Sco says crypto is bleeding narrative energy, and we can expect a handful of culture-scale champions in the next 3 years who build publicly, use attention, launch tokens, and actually bring millions along.

3. Multiplier’s Lauris argues that the era of a single meta pulling the entire market is over, and people can expect more niche subgraphs, gated trust, and quieter, more local reflexivity.

4. Justin Alek says that the free-money days are gone, and if yields return, it’ll be earned from real revenue or lower global rates, not phantom token printing.

5. Oatmilk breaks down how to win 2026 by practicing one high-value skill, publishing consistently, and using quiet markets to compound long-term edge, as preparation beats luck.

In other uplifting news, after a major fire in Tai Po, Hong Kong, Binance, HashKey, Avenir Group, Tron, Huobi HTX, and OKX all pledged multimillion-dollar donations to support rescue and rebuilding efforts. Justin Sun also committed personal contributions, saying he hopes the aid “brings comfort to the community.”

To close things out, Brian Armstrong jumped on X to celebrate the Ethereum whitepaper turning 12, the document that kick-started the entire on-chain economy. A fitting shoutout to Vitalik for giving us DeFi, DAOs, NFTs… and of course, gas fees.

That’s all for today!