
H.E. Justin Sun 🍌|Apr 02, 2025 15:29
Protecting users, protecting Hong Kong
First Digital Trust (FDT) is actually insolvent and unable to fulfill its obligation to redeem customer funds. I strongly recommend that users take immediate action to ensure the safety of their assets. There are significant loopholes in Hong Kong's trust license approval process and internal risk control within the financial system. I call on regulatory and law enforcement agencies to intervene quickly, identify the problem, and prevent further significant losses. Hong Kong's reputation as a global financial center is facing a severe test, and similar financial fraud incidents must not happen again.
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