Justin Sun has accused First Digital Trust (FDT) of unauthorized transfer of nearly $500 million in TUSD reserves to Aria DMCC, a Dubai-based private company. Sun claims FDT forged documents to hide the transfer, which was part of a fraudulent scheme involving fake investment records. The Dubai DIFC court issued a global freezing order within five months, a process that usually takes years in Hong Kong. FDT has denied the allegations, labeling them defamatory.
Justin Sun Accuses FDT of Misappropriating $500M TUSD Reserves
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