First Digital denies Justin Sun's accusation of misappropriating $456 million TUSD reserves.

WuSaidBlockchainW
TUSD0,07%

According to Wu, First Digital stated that Justin Sun's recent comments on social media regarding First Digital Trust (FDT) and its CEO Vincent Chok constitute false accusations and defamation. FDT refuses to respond to baseless allegations and emphasizes that the company remains transparent at all times. FDT has completed the preservation of evidence related to the social media content and reserves the right to take further legal action as permitted by law. Previously, Justin Sun continuously published long articles claiming that the DIFC court had issued the first global freezing order against Aria Commodities DMCC and related parties on October 17, 2025, confirming the existence of preliminary evidence of misappropriation of TUSD funds, accusing First Digital Trust (FDT), Legacy Trust, and its leader Vincent Chok of illegally transferring approximately $456 million TUSD reserves to Aria for illiquid and high-risk projects between 2021 and 2022 and being suspected of receiving kickbacks, forging documents, and concealing assets.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments