PANews reported on May 3rd that Justin Sun released the latest progress of the First Digital Trust (FDT) and ARIA fraud case on the X platform. He said: The amount involved in the FDT and ARIA fraud case exceeded US$500 million, and the relevant personnel included Christian Alexander Boehnke De Lorraine Elbouef, Vincent Chok, Yai Sukonthabhund, Matthew William Brittain and Cecilia Teresa Brittain. These funds flowed into several banks in Dubai, including Mashreq Bank, Abu Dhabi Islamic Bank (ADIB), Emirates NBD and Swiss EFG Bank, through Hong Kong's First Digital Trust and Legacy Trust.
Sun Yuchen also said that he once again called on the Dubai government, regulators and banks to take swift and decisive action. Dubai must not become a haven for fraud and money laundering. Banks must immediately conduct internal reviews, freeze suspicious capital inflows, and proactively report them, and never become accomplices to criminal activities.
