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FDT Founder Vincent Chok: WLFI is not the first target of Sun Yuchen.
Following WLFI’s lawsuit against Sun Yuchen yesterday, FDT (First Digital Trust) founder Vincent Chok stated today that WLFI is not the first target publicly targeted by Sun Yuchen, and FDT has been entangled in litigation with him for over a year. Vincent Chok said that over the past 12 months, Sun Yuchen has publicly offered rewards twice to gather so-called “internal evidence,” with the amount increasing from 50 million USD to 100 million USD.
Previously, Sun Yuchen accused FDT of transferring approximately 500 million USD of client funds into multiple banks in Dubai. FDT denied the allegations and took legal action; additionally, according to DIFC Courts documents, Techteryx obtained a global freeze order maintained by the Dubai DIFC Digital Economy Court in a case involving TUSD reserves, freezing about 456 million USD assets related to Aria Commodities DMCC.
Vincent Chok stated that more trading partners are responding through legal channels to “malicious attacks and coordinated lies.” The relevant disputes are still subject to the outcome of judicial proceedings.