Sun Yuchen: FDT is insolvent and suspected of fraud, calling on Hong Kong regulators to intervene in the investigation

Odaily Planet Daily News: Sun Yuchen published an article stating that First Digital Trust (FDT) has fallen into a state of insolvency and is unable to fulfill its customer fund repayment obligations. Despite significant violations, the institution continues to operate in Hong Kong under the name of a public trust. He stated that this exposes loopholes in the regulation of Hong Kong's trust industry, which not only threaten public interests but also damage the reputation of Hong Kong's financial center. Sun Yuchen expressed support for Techeryx's initiation of civil lawsuits and criminal reports in multiple locations, including the Hong Kong High Court and the US Department of Justice, and has hired top global law firms to promote accountability. He called on Hong Kong regulatory and law enforcement agencies to take action as soon as possible to prevent such behavior from continuing under the name of licensed institutions.