According to Foresight News, Justin Sun tweeted that "First Digital Trust (FDT) is unable to fulfill its obligation to repay customer funds and is effectively insolvent. Despite significant violations, the institution continues to operate in Hong Kong under the guise of a public trust. This case suggests that there may be obvious loopholes in Hong Kong's trust industry that can be used to circumvent financial and banking regulations. This not only poses a risk to the public but also threatens Hong Kong's reputation as a global financial center. I strongly urge Hong Kong regulatory and law enforcement agencies to take decisive measures to plug these loopholes and prevent further public losses."