
H.E. Justin Sun 🍌|Apr 10, 2025 15:06
The crown prince & civet cat: 501.8m heist by FDT (First Digital Trust) and Aria
In this epic Chinese legend, a wicked concubine swapped the newborn crown prince with a civet cat to illegally gain personal benefit. The idiom has become a metaphor for deceptive dealing where a scammer covertly replaces a genuine or valuable item with a fake substitute for personal gains.
In the case of FDT, a modern plot of Crown Prince and Civet Cat was hatched to deceive Techteryx and conceal the $456m fund heist to Aria DMCC under the guise of investments in the Aria Commodities Finance Fund (ACFF).
This is no different from the common address replacement hacks in the blockchain industry, where hackers simply replace the target address with their own in order to steal funds.
It's just that in traditional finance, the address replacement process is a bit more complex—but the essence of the theft remains very simple.
I’m going to open-source the method they used to replace the addresses right now, to help prevent more people from falling victim to scams by FDT (First Digital Trust) and its co-conspirators.
As part of an elaborate ponzi scam, Truecoin colluded with FDT, flanked by a Singapore investment advisor (Finaport), induced Techteryx to execute a set of agreements including the clearance of ACFF, a Cayman Islands-registered mutual fund, as an authorized investment product. In hindsight, ACFF has its own history of active engagement of investment fraud internationally.
But this is a story for another day. What transpired was that, instead of the Cayman Fund (ACFF), FDT diverted approximately 456 million to Aria DMCC, a third-party Dubai entity, without Techteryx’s authorization or knowledge. (ADDRESS SWAP HAPPENED!!!) The funds have since vanished in thin air, while the co-conspirators (ALex De Lorraine/Vincent Chok/ Yai Sukonthabhund) have enriched themselves with at least tens of million in secret kick-backs based on the current investigation.
The deception involved misrepresenting the destination and nature of the transfers. ACFF, the Cayman fund managed by Matthew Brittain through Aria Capital Management Ltd., was the authorized fund based on relevant agreements, while Aria Commodities DMCC, controlled by Cecilia Brittain (Matthew’s spouse and a full time school teacher), was an independent entity not approved for Techteryx investments.
(Note: Even if the names are similar, these are two completely different companies—just like in blockchain, if even one digit in an address is different, it's an entirely different address!!!)
To swap the Crown Prince with a cat, the 501.8m in misappropriated funds — originally as unauthorized trade finance loans— were later retroactively misclassified as investment subscriptions in ACFF, with the illicit assistance by IFIT (ACFF fund administrator). This misclassification constitutes a security fraud to conceal the fact that the funds were funneled to DMCC, where they were laundered and became inaccessible when Techteryx sought to redeem them after 2023.
Further evidence points to additional layers of concealment for embezzlement. FDT’s CEO, Vincent Chok, has directed at least 15.5 million in undisclosed kickbacks from Aria DMCC to a Hong Kong side pocket sadistically dubbed as “Glass Door”.
The matters are part of a global pursuit to bring justice involving both judicial and law enforcement efforts. Because these scammers acted under their real names and identities, they will eventually face severe legal consequences and We are confident that all the funds will be recovered.
Stay tuned!
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