Sun Yuchen goes berserk in Hong Kong, $500 million "flies" to Dubai? Trust institution is confirmed, the crypto circle starts a real-life bounty hunt for the culprit!
Today, TRON founder Sun Yuchen held a press conference in Hong Kong, revealing a major scandal in the crypto circle: $500 million of his funds held in the licensed trust institution FDT was secretly transferred away to a private company in Dubai. Behind this company is actually the wife of FDT's CEO!
Brother Sun angrily denounced this operation as a "model of money laundering by a husband-and-wife business," using forged documents and internal approvals to transfer the money, even the original issuer of TUSD, TrueCoin, was named as being involved.
Ironically, Sun Yuchen previously spent $500 million to "save the coin" during the TUSD turmoil, and now this lifesaving money has become the target of the other party's actions. He publicly stated: this is not a donation, it's a loan, and I want to get it back!
He made a strong statement on the spot, offering a handsome reward for clues worldwide; anyone who can provide key information will be rewarded. He also plans to set up a website and start a live stream to update the investigation progress in real time, hunting down FDT across the internet!
In addition, Brother Sun also criticized the huge loopholes in Hong Kong's financial regulation, claiming that the regulatory failure has turned trusts into "ATM machines." This incident even alarmed Hong Kong Legislative Council member Wu Jiezhuang.
In summary: $500 million is lost, Brother Sun is not afraid of losing money, but is afraid you won’t expose the details!
The crypto drama officially begins, who is the real insider? #分散资产
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.
