Search results for "FDT"
Friday
2025/04/04
09:55BlockBeatNews

Justin Sun: FDT's net assets by the end of 2024 will be negative HKD 100 million, with massive misappropriation of user assets leading to huge losses.

Justin Sun revealed on social media that First Digital Trust (FDT) is in a state of insolvency, with a seriously negative financial situation and three consecutive years of negative net assets, facing the risk of bank license revocation in the future. Although FDT is publicly raising billions in funding, its large-scale misappropriation of user assets has led to significant losses, and Hong Kong regulators need to explain their inadequate oversight that has led to this situation.
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Thursday
2025/04/03
10:18BlockBeatNews

Justin Sun: Met with Hong Kong Legislative Council member Wu Jiezhuang and submitted materials related to the FDT case to regulatory and judicial authorities.

BlockBeats news, on April 3rd, Justin Sun posted on the X platform stating, "I met with Legislative Council member Wu Jiezhuang from Hong Kong and reported the case of the misappropriation of nearly five hundred million dollars in client reserve funds by First Digital Trust (FDT), and submitted relevant materials to regulatory and judicial authorities. We are fully confident that we will recover the funds and hold the individuals involved in the theft accountable under the law."
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07:28DailyNews

FDT: Previously participated in fund retrieval, but funds were frozen due to AML and KYC issues.

Odaily News FDT stated in Space: We previously worked with legal teams to attempt to retrieve funds from Aria, but due to issues such as AML and KYC, the funds were frozen, which was directly caused by the technology company itself.
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Wednesday
2025/04/02
21:38ChainCatcher

First Digital is hosting an AMA on X to respond to the community.

ChainCatcher message, FDUSD issuer First Digital Trust (FDT) is currently holding an AMA on X to address community-related questions. This AMA is personally answered by FDT founder and CEO Vincent Chok.
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17:20DailyNews
Golden Finance reports that Justin Sun has once again stated on social media that his claim about First Digital Trust (FDT) going bankrupt is a statement of fact, devoid of any emotional connotation. If you have any relationships with them, please sever them as soon as possible to protect your assets. As for what consequences its founder Vincent Chok will face for his fraudulent actions, that will be determined by the judicial system and regulatory authorities. Note: Vincent Chok, founder and CEO of First Digital Trust (FDT), is responding to questions in an AMA, providing clarifications and explanations on almost all issues. Currently, both parties are basically in a 'stalemate'.
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16:57BlockBeatNews

The FDUSD issuer is holding an AMA on X to respond to the community.

BlockBeats news, on April 3rd, FDUSD issuer First Digital Trust (FDT) is currently holding an AMA on X to address community-related concerns, with questions personally answered by FDT founder and CEO Vincent Chok.
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15:27BlockBeatNews

Justin Sun: The FDUSD issuer has gone bankrupt and is unable to fulfill its redemption obligations.

Justin Sun posted on April 2 that FDUSD issuer First Digital Trust (FDT) is bankrupt and unable to fulfill its obligations, advising users to protect their assets. There are risks in Hong Kong's financial system, and regulators are urged to take steps to prevent losses. Hong Kong's reputation as a financial centre has been tarnished, and financial fraud must be eradicated.
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