According to @justinsuntron, parties including FDT, Legacy Trust (allegedly controlled by Vincent Chok), Finaport/Yai Sukonthabhund, Aria Group (led by Matthew Brittain), and Alex de Lorraine (Archblock, Truecoin) are implicated in an alleged theft of stablecoin reserves totaling $456M, which he claims he personally backfilled with $500M to protect users and pursue recovery (source: @justinsuntron). According to @justinsuntron, the Dubai International Financial Centre (DIFC) issued what he describes as its first-ever global freezing order, and multiple jurisdictions have begun investigations, including Dubai, Hong Kong, Singapore, the U.K., the U.S., and the Cayman Islands (source: @justinsuntron). According to @justinsuntron, he is coordinating international legal teams for multi-year, cross-border litigation and has secured insider cooperation, with the stated goal of asset freezes, global pursuit, and eventual seizures or bankruptcies of the alleged perpetrators (source: @justinsuntron).

According to H.E. Justin Sun, First Digital Trust (FDT) is allegedly insolvent, urging those involved with the company to sever ties to protect their assets. This development could impact cryptocurrency trading volumes associated with FDT, and traders should carefully assess their exposure. Any legal consequences for its founder, Vincent Chok, remain to be determined by judicial authorities.