Today, a depth charge exploded in Hong Kong's financial sector, and the onlookers expressed that there is more gossip to enjoy, more updates to come👇🏻👇🏻👇🏻
🔥 Round one: Sun Yuchen strikes late at night
Last night, Sun Yuchen suddenly released a statement at midnight, revealing that there are 500 million dollars of FDT that cannot be withdrawn! He dropped more bombshells at this morning's press conference:
→ Directly pointing to FDT's "insolvency" as suspected fraud
→ Self-funding 460 million dollars to bail out TUSD
→ Real-name reporting of Hong Kong trust regulatory loopholes
💥 Round two: FDT live stream slaps back
Sun Yuchen just finished a press conference, and immediately went live to confront:
→ Challenging Sun to provide solid evidence
→ Show the third-party audit report to prove innocence
→ Exposing Techteryx company's KYC issues
(And also threatened to sue Sun Yuchen for defamation!)
🕵️ Onlookers say there are three major mysteries hidden within:
1️⃣ Who exactly stole the 500 million reserve funds?
2️⃣ The identity of Techteryx's actual controller is a mystery
3️⃣ Is FDUSD's redemption ability inflated?
💼 Hong Kong financial regulation is under intense scrutiny
Sun Yuchen directly fired at the financial regulatory loopholes, but FDT claimed the procedures were compliant. This divine battle unexpectedly pulled out the gray areas of Hong Kong's trust industry, and the Monetary Authority is likely to work overtime for a meeting tonight...
Both sides are now frantically providing solid evidence, and addresses on the gossip chain are flying everywhere. Crypto enthusiasts have discovered that there was indeed unusual large transfers of FDUSD last night; this plot is even more thrilling than (The Wolf of Wall Street)!