Latest Developments on the First Digital Trust (FDT) and ARIA Fraud Case

Congratulations to https://t.co/Q5DjearMlU on officially launching—this is an important step in tracking Web3 scams and enhancing transparency.

The fraud case related to FDT and ARIA involves over $500 million, with individuals including Christian Alexander Boehnke De Lorraine Elbouef, Vincent Chok, Yai Sukonthabhund, Matthew William Brittain, and Cecilia Teresa Brittain. These funds flowed through First Digital Trust and Legacy Trust in Hong Kong into several banks in Dubai, including Mashreq Bank, Abu Dhabi Islamic Bank (ADIB), Emirates NBD, and Swiss EFG Bank.

I once again urge the Dubai government, regulatory bodies, and banks to take swift and decisive action. Dubai must never become a haven for fraud and money laundering.

Banks must immediately conduct internal reviews, freeze suspicious fund inflows, and proactively report. Do not become an accomplice to criminal activities.

I still firmly believe that the relevant departments in Dubai and the UAE 🇦🇪 will take strong measures to work alongside us in combating global financial crime.