Gate News bot message, Sun Yuchen announced the latest developments in the First Digital Trust (FDT) and AR fraud cases. It has been revealed that Christian Alexander Boehnke De Lorraine Elbouef, Vincent Chok, Yai Sukonthabhund, Matthew William Brittain, and Cecilia Teresa Brittain are involved. More than $500 million in funds were transferred to several banks in Dubai, including Mashreq Bank, ADIB, Emirates NBD, and EFG, via Hong Kong FDT and Legacy Trust. Sun Yuchen calls on the Dubai government, regulatory authorities, and banks to take action to freeze relevant funds and report, while emphasizing that Dubai should not become a safe haven for fraud and money laundering. Source: Wu Says

Justin Sun revealed on social media that First Digital Trust (FDT) is in a state of insolvency, with a seriously negative financial situation and three consecutive years of negative net assets, facing the risk of bank license revocation in the future. Although FDT is publicly raising billions in funding, its large-scale misappropriation of user assets has led to significant losses, and Hong Kong regulators need to explain their inadequate oversight that has led to this situation.

BlockBeats news, on April 3rd, Justin Sun posted on the X platform stating, "I met with Legislative Council member Wu Jiezhuang from Hong Kong and reported the case of the misappropriation of nearly five hundred million dollars in client reserve funds by First Digital Trust (FDT), and submitted relevant materials to regulatory and judicial authorities. We are fully confident that we will recover the funds and hold the individuals involved in the theft accountable under the law."

Odaily News FDT stated in Space: We previously worked with legal teams to attempt to retrieve funds from Aria, but due to issues such as AML and KYC, the funds were frozen, which was directly caused by the technology company itself.

ChainCatcher message, FDUSD issuer First Digital Trust (FDT) is currently holding an AMA on X to address community-related questions. This AMA is personally answered by FDT founder and CEO Vincent Chok.

BlockBeats news, on April 3rd, FDUSD issuer First Digital Trust (FDT) is currently holding an AMA on X to address community-related concerns, with questions personally answered by FDT founder and CEO Vincent Chok.

Justin Sun posted on April 2 that FDUSD issuer First Digital Trust (FDT) is bankrupt and unable to fulfill its obligations, advising users to protect their assets. There are risks in Hong Kong's financial system, and regulators are urged to take steps to prevent losses. Hong Kong's reputation as a financial centre has been tarnished, and financial fraud must be eradicated.