Justin Sun: TrueCoin is suspected of conspiring with FDT to illegally transfer US$456 million in TUSD reserves to the Dubai company "

Crypto 7x24

2025-04-03 16:13:12

On April 3, Justin Sun said in his live broadcast that TrueCoin was suspected of conspiring with FDT and other institutions to transfer US$456 million in TUSD statutory reserves to a private company in Dubai owned by the aforementioned Cayman fund investment manager's wife through false documents and unauthorized transfers. Vincent Chok, CEO and director of FDT and Legacy Trust, directly approved these illegal transactions, a serious breach of fiduciary obligations.

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