Foresight News reported on site that Sun Yuchen stated at the press conference of the First Digital Trust incident that "the important reason we chose to deposit in First Digital Trust (FDT) is that FDT is a licensed trust company in Hong Kong, and since early 2023, FDT has failed to pay investment interest, which has alerted Techteryx and has commissioned a professional investigation team to conduct a thorough investigation for one year. With the endorsement of Mr. Alexander Lauren, the financial director of Truecoin, FDT has been appointed as the custodian of TUSD fiat currency reserves. 500 million US dollars were transferred to a Dubai private company account without authorization