Justin Sun, the founder of Tron, revealed a claim of $ 500 million about Hong Kong -based First Digital Trust (FDT). Sun stated that the fund in the Cayman Islands, which was formed for investment purposes, was transferred to a Dubai -based unauthorized company unfounded.
Details of the allegations
Sun, said in a statement that FDT directed 456 million dollars of money to Dubai -based Aria DMCC instead of the investment fund on the Cayman Islands. He claimed that the transfer with a long text was carried out by a method similar to the “address change” method in the block chain attacks.
Justin Sun: “FDT directed the $ 456 million allocated for investment to a completely different asset. The address difference means a completely different wallet.”
In this way, Sun said that the confusion between two similar names is planned as a deliberate fraud.
Legal process and reactions
The scope of the allegations included the names of some people who Sun claimed that they managed the transfer process. Alex de Lorraine, FDT CEO Vincent Chok and Yai Sukonthabhund are among the names in Sun’s statements.
Justin Sun: “FDT CEO Vincent Chok directed secret transfers of at least $ 15.5 million.”
Sun claimed that these people have made unfair profits through secret commissions.
It was also stated that the investment was transferred to Aria Commodities DMCC, a Cayman fund managed by Aria Capital Management LTD, to Aria Commodities DMCC, a member of Matthew Britain’s wife. The allegations stressed that the money flow was directed by mixing between two different assets in the transaction.
Sun has already announced that it will launch a $ 50 million program to recover TUSD reserves. In response to Sun’s allegations, FDT filed a slander case at the Hong Kong Supreme Court. The company stated that the Sun’s claims contain false information about the financial location and functioning and argued that these statements damage their corporate reputation.
Within the framework of the allegations and the legal case filed, it seems important to follow the official statements and developments of the relevant parties. It is recommended that investors follow up -to -date information through announcements and official sources and make their decisions in this direction.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
