#美国加征关税 Cryptocurrency Circle Shock! Sun Yuchen's Press Conference in Hong Kong Unveils Shocking Dark Secrets of the Industry

On April 3rd, a highly anticipated media conference took place in Hong Kong, featuring the well-known figure in the cryptocurrency space, Sun Yuchen. The entire event was live-streamed, drawing the attention of the entire industry. During the conference, Sun Yuchen spoke passionately, condemning the digital financial fraud practices of licensed financial institutions and trust organizations in Hong Kong in both Chinese and English. Although his English had a Chinese accent and was somewhat awkward, every word was impactful, revealing astonishing content.

It is reported that a custodial investment guarantee fund amounting to as much as $500 million was transferred to a private account of a Cayman fund without his consent. Sun Yuchen was visibly shocked and angry about this. Although he stated that this amount was just “small money” to him, he was determined to seek justice for the industry and expose the ugly truth behind the Ponzi schemes and exploitation hidden within traditional licensed financial institutions in Hong Kong and certain Web3 projects.

However, there are deeper implications to this incident. Sources indicate that Sun Yuchen himself may have maliciously embezzled custodial assets and engaged in opaque operations, with methods deemed “dirty.” This raises the question: who is lying in this dispute? Who is the real victim?

This incident undoubtedly brings a tremendous shock to the already struggling Web3 digital finance sector in Hong Kong and severely affects the credibility of the Hong Kong government and licensed financial institutions. This is not only an infringement on Sun Yuchen's personal assets but also a blatant provocation to the order of the entire industry.

Currently, the entire cryptocurrency community is closely monitoring the developments of this incident, hoping that regulatory authorities can quickly intervene, uncover the truth, and restore a clear development environment for the industry. Will Sun Yuchen successfully turn the tables, or is there another twist behind this? Let us wait and see.