TRON founder Justin Sun has intensified his accusations against First Digital Trust, claiming the company embezzled over $500 million in client funds.
Over $500 Million Allegedly Lost
Sun stated that while FTX may have misused customer funds, they maintained an internal tracking system which is alleged to be missing in the case of First Digital Trust (FDT). He claims that FDT siphoned off nearly $500 million from the firm's custodial funds without clients' knowledge.
Accusations of Indifference by FDT
Sun criticized FDT CEO Vincent Chok for showing apparent indifference following the revelation of alleged misconduct, unlike FTX founder Sam Bankman-Fried, who made efforts to recover user assets.
Call for Action from Hong Kong Regulators
Justin Sun has urged Hong Kong regulators to take swift and decisive action, akin to how US authorities approached the FTX collapse, suggesting that Hong Kong's reputation is at stake.
Sun's remarks come amidst growing controversy surrounding FDT. He has also offered a $50 million bounty for information on the stolen funds, which has already attracted the attention of Hong Kong regulators.
