Despite lawsuit, Justin Sun continues accusing FDT of $500m embezzlement

The founder of Tron, Justin Sun, went to X to continue welcoming First Digital Trust, a cryptography guard based in Hong Kong and transmitter of the Stablecoin Fdusd, to orchestrate an embezzlement program of $ 500 million.

In a long job On x, sun continued his assertion that the FDT And its alleged co-conspirators have illegally redirected almost half a billion dollars of customer funds thanks to an unauthorized investment network and fraudulent address changes.

Sun alleys that FDT, alongside Aria DMCC, a Raval Company based in Dubai – and other companies, including Finaport and Truecoin, deceived stablecoin The TECHTERYX transmitter in the transfer of $ 456 million to ARIA DMCC under the guise of a legitimate investment.

Instead of investing in the Aria Finance Aria Commodity Aria authorized fund, based in Cayman, the funds were reditched to an unrelated entity controlled by Cecilia Brittain, wife of the director of ACFF Matthew Brittain.

“It is exactly the same as an address replacement attack in crypto,” wrote Sun (the post has been translated), comparing the diagram to classic blockchain fraud techniques where a portfolio address is exchanged on erroneous funds.

He also appointed several people who would have been involved, including the CEO of FDT, Vincent Chok and Alex de Lorraine d’Aria, who, according to him, received millions of uncluttered bribes.

To hide the diversion, Sun claims that the transaction was then poorly labeled as the funding to the fund, which allows it to appear legitimate on paper. He also alleged that at least $ 15.5 million in poorly used funds had been sent to a Hong Kong account named “Glass Door”.

Defamation trials

Earlier, FDT replied with a defamation trial, accusing the sun Make false damaging complaints on his financial health. The trial, submitted to the High Court of Hong Kong, requires an injunction to prevent the Sun from repeating allegations and calls for retractions and damage.

The company’s stablecoin fdusd briefly spent after the first accusations of Sun’s insolvency, but has since returned to parity.

Despite the legal threat, Sun doubled, organizing a press conference and calling on regulators to examine the Hong Kong trust sector. An hearing date of the court has not been set.