On April 3rd, Justin Sun stated in an interview with Sing Tao that Techteryx Ltd. does not belong to his industry. When asked why he stepped in to help, he explained that TUSD has 5 million global users, and if they discover their TUSD cannot be converted to cash, it would trigger a significant financial storm.

Justin Sun candidly admitted that he was extremely surprised when he first learned of the incident, saying it was "mind-shattering". He added, "Financial institutions directly misappropriating user assets and transferring them elsewhere - this can't be happening in Hong Kong? This is an outright theft of depositors' funds!" He could not understand how large sums could be transferred overseas without authorization, emphasizing that the government, banking sector, and securities regulators need to address these loopholes, and stressing that Hong Kong must not become a breeding ground for fraudulent funds while also recognizing the potential of Web 3 companies.

Previously, Techteryx Ltd., the investment company of stablecoin TrueUSD (TUSD), accused First Digital Trust (FDT) CEO Eric Chok and a Singapore-licensed fund manager YAI SUKONTHABHUND of allegedly conspiring with multiple companies to fraudulently obtain over $500 million, equivalent to approximately HK$3.9 billion, in trust deposits from the plaintiff and the public.

Techteryx had entrusted $500 million in reserves to FDT, which were subsequently invested in a Cayman fund. This Cayman fund did not issue any investment-related share certificates to FDT and, without Techteryx Ltd.'s knowledge, directly transferred at least $456 million in reserves to an offshore private company Aria DMCC's account in Dubai as an unsecured loan. The Cayman fund has refused Techteryx Ltd.'s redemption or repayment of funds.