Are they new, how long has it had this? Do you have a quarantine tank to treat in?
I had one come home from the pet shop looking like that except it was his back tail. It was a secondary fungal infection from a systemic bacterial infection. Needed a combination of paraguard and maracyn 2 to kick but it’s fine now. It’s hard to know just by looking whether the infection is fungal or bacterial just by looking because fuzzy usually indicates fungal but some bacterial infections look like that as well.
Personally I would put it in a qt and treat for both fungal and bacterial. It looks so far along with tissue damage I doubt you have time to wait and try sequential treatments.
You also should check (or recheck) your water parameters. Poor conditions can make them more prone to secondary infection if they get a small injury for example.