A group of fraudsters, including FDT and Legacy Trust under Vincent Chok, and others like Finaport and Aria Group, underestimated the resolve of Sun Yuchen in a major stablecoin reserve theft. Believing that the dispersed nature of stablecoin holders would prevent any significant legal pursuit, they assumed the stolen funds would go unchallenged. However, Sun Yuchen's unexpected intervention, including a $500 million personal fund replenishment, has turned the tables.
Contrary to the fraudsters' expectations, Sun Yuchen has aggressively pursued legal action across multiple jurisdictions, including Dubai, Hong Kong, and the United States. His actions have led to unprecedented legal measures, such as the DIFC's first global freezing order, and have exposed the fraudsters' assets and identities. This relentless pursuit has shattered their assumptions and highlighted Sun Yuchen's commitment to principles and accountability in the crypto industry.
Crypto Fraudsters Misjudge Determined Pursuit by Sun Yuchen
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
