https://x.com/trondao/status/1874796559847526819 | Justin Sun孙宇晨 on Binance Square

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Justin Sun孙宇晨

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https://x.com/trondao/status/1874796559847526819

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Justin Sun孙宇晨

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(3/3) This is not just about money—it's about justice for the Web3 industry and Hong Kong’s reputation as a global financial center. #web3bounty.io #ScammerHunter #Web3Bounty

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2/3) What to expect: ✅ Any insider or whistleblower providing crucial leads that help recover the funds WILL be rewarded! ✅ Full transparency - dedicated portal (#web3bounty.io) launching soon with live updates. ✅ Independent Verification: All claims will be rigorously assessed before rewards are delivered.

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(1/3) 🚨 $50 Million Bounty Program - First Digital Trust Scam I hereby officially announce: A $50 million bounty program (equivalent to roughly 10% of my liquidity support or the stolen TUSD reserves) will be offered to recover the TUSD reserves misappropriated by bad actors including First Digital Trust (FDT).

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First Digital Trust (FDT) have blatantly defied all fiduciary and regulatory norms by claiming to manage a $501.8 million securities portfolio in the Aria Commodity Finance Fund under its own legal title — supposedly on behalf of Techteryx. According to Hong Kong’s Securities and Futures Ordinance (“SFO”), any person or company offering securities portfolio management services must hold an SFC Type 9 license — unless it's exclusively for a wholly owned subsidiary or a parent company holding 100% of its shares. Clearly, FDT is not just flouting trust industry norms — it is outright disregarding the rules governing banking and investment in Hong Kong. In other words, its actions show total contempt for Hong Kong’s regulators and enforcers.

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First Digital Trust (FDT), A company with negative equity means its total liabilities exceed aggregate assets — in other words, it is practically financially insolvent. That’s why, under international banking regulations, banks are subject to stringent capital adequacy requirements, or risk losing their banking licenses. However, in the case of FDT, it has been in negative equity not just once, but for three consecutive years — ending 2024 with a negative HK$100 million! And that’s not even accounting for the massive losses resulting from its large-scale misappropriation of user assets. Yet somehow, it’s still out there raising billions in public funds as we speak. The real question for Hong Kong regulators and law enforcement agencies is this: How could this possibly happen under their watch? FDT's very existence at this very moment is a mockery of the rule of law in Hong Kong.

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