Foresight News on-site reporting, Justin Sun stated at the First Digital Trust press conference, "The key reason we chose to deposit at First Digital Trust (FDT) is that FDT is a licensed trust company in Hong Kong. Since the beginning of 2023, FDT failed to pay investment interest, which raised Techteryx's suspicion and led to commissioning a professional investigation team for a comprehensive year-long investigation. With the endorsement of Alexander Lauren, the financial director of Truecoin, FDT was appointed as the custodian of TUSD's fiat currency reserves. 500 million USD was transferred to a Dubai private company account without authorization."
Justin Sun: FDT failed to pay investment interest since the beginning of 2023, and $500 million was transferred to a private company account in Dubai without authorization
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