PANews reported on April 8th that Justin Sun released the "Seven Deadly Sins" of First Digital Trust (FDT), including: ①Breach of fiduciary duty, FDT misappropriated customer funds, violating Section 4 of Chapter 29 of the Hong Kong Trustees Ordinance (duty of reasonable care) and basic trustee principles. ②Abuse of customer funds, FDT transferred TUSD funds to ARIA DMCC without proper authorization, facing potential enforcement actions including fines, license revocation, and even criminal prosecution. ③Operating without a license, FDT registered as a TCSP company but does not hold any license issued by the Hong Kong Securities and Futures Commission. ④Fraud or theft, FDT conspired with accomplices such as ARIA CFF, Truecoin (Alex De Lorraine), Crossbridge/Finaport (Yai Sukonthabhund) to conceal misappropriation and fabricate investments through forged records. ⑤False reporting or concealment, to hide unauthorized transactions, FDT provided false statements and fraudulent documents claiming TUSD funds were intact and invested as instructed. ⑥Violation of anti-money laundering obligations, FDT transferred illegally misappropriated funds through complex transactions or offshore accounts to obscure their origin, potentially violating anti-money laundering regulations and possibly assisting in money laundering. ⑦Violation of the Prevention of Bribery Ordinance (POBO), FDT/Legacy, under Vincent Chok's instructions, accepted secret kickbacks from a Dubai private company DMCC in exchange for illegally misappropriating TUSD custodial funds.