#孙宇晨 He's made big news again! This time he publicly reported First Digital Trust (FDT) and ARIA platform for allegedly defrauding $500 million, and even threw out a 'money laundering roadmap'—funds flowing through Hong Kong's FDT and Legacy Trust, pouring like water into Dubai's Mashreq Bank, ADIB, Emirates NBD, and even Switzerland's EFG Bank. This plot is more exciting than (Squid Game); the key is that Sun Yuchen also brought out an anti-fraud platform web3bounty.io, claiming to be a 'crypto detective', even listing the names of involved personnel clearly, like Christian, Vincent, Yai, names that sound like a villain team from a 007 movie.
1. Is Sun Yuchen this time a 'guardian of justice' or a 'public opinion manipulator'?
Don't rush to take sides. You should know that this post-90s founder of TRON has previously bid for a lunch with Buffett and has been sued by the SEC. In 2025, he just made the cover of Forbes, with the headline 'The Crypto Billionaire Who Helped the Trump Family Earn $400 Million', which gives him a built-in traffic draw. However, how credible are his allegations this time? FDT is a licensed trust company in Hong Kong, but Hong Kong's regulation of cryptocurrency custody is still 'feeling the stones to cross the river', and what about Dubai? Last year, it just granted a full license to Gate Group, but the regulatory loopholes in the free zone have long been criticized as a 'hotbed for money laundering.'
2. Dubai banks: Getting hit while lying down?
Mashreq Bank, which was named, is still collaborating with Zhejiang Commercial Bank on Middle East finance in 2024, but was fined by the US in 2023 for insufficient anti-money laundering measures. Emirates NBD was also involved in a cross-border money laundering case last year, and Swiss EFG Bank has a 'criminal record'—it was accused of helping the Nazis launder money during World War II. Is Sun Yuchen aiming his criticism directly at these established banks to pressure the Dubai government? After all, Dubai just launched its virtual asset regulatory framework and wants to shed the label of being a 'crypto safe haven.'
3. web3bounty.io: Is it Li Kui or Li Gui?
This newly launched anti-fraud platform claims to be able to track on-chain funds, but the technical principles and cooperating institutions have not been disclosed. In comparison, established tracking companies like Chainalysis have to cooperate with law enforcement agencies, while web3bounty.io hasn't even released a white paper. More subtly, the TRON chain under Sun Yuchen was previously reported to have TRX wash trading, and now engaging in an anti-fraud platform inevitably raises suspicions of 'catching thieves with one hand and keeping watch with the other.'
4. How should ordinary people consume this news?
1. Don't be misled by Sun's hype: His allegations haven't been officially substantiated, and neither the Hong Kong SFC nor the Dubai DFSA has made a statement.
2. Beware of currency exchange traps in Dubai: The consulate in Dubai has just reminded that exchanging currency privately might get you involved in money laundering, and bank accounts can be frozen in an instant.
3. Stay away from high-yield platforms: Platforms like ARIA are just like the previous Plus Token and ARW scams, using high interest as bait, only to run away with the money in the end.
5. Sun Yuchen's 'intention of a drunken man'
It's clear to those with discerning eyes that Sun Yuchen's report this time is not only establishing his image as an 'industry cleaner' but also driving traffic to web3bounty.io. After all, he just invested $75 million in Trump's family's crypto project and made the Forbes cover, at a time when he needs 'positive energy' endorsement. But will the Dubai government take the bait? It's important to note that Dubai only incorporated virtual asset regulation into its legal framework in 2023, and now it has to deal with a transnational money laundering case; this game is just beginning.
A final reminder: In the crypto circle, don't easily believe in the 'hero coming out of retirement' trope. You can enjoy Sun Yuchen's drama, but keep your wallet tight—after all, the fluctuation of TRON coins can be more thrilling than his trending topics!
