In accordance with MetaEra, Justin Sun accused First Digital Trust (FDT) of transferring nearly $500 million in TUSD reserves to an unregulated Dubai-based private company, Aria DMCC, without authorization. During a press briefing on November 27, 2025, Sun alleged that FDT forged transaction documents to conceal the unauthorized transfer, which was later revealed to be part of a fraudulent scheme involving fake investment records and a multi-layered money trail. The Dubai DIFC court issued a global freezing order within five months, a process that typically takes 3–5 years in Hong Kong. FDT has denied the allegations and issued a statement calling the claims defamatory.
Justin Sun Alleges $500M TUSD Reserve Misappropriated by FDT and Aria DMCC
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