On April 3rd, notable crypto advisor Justin Sun leveraged his social media platform to announce the apparent bankruptcy of First Digital Trust (FDT), a statement delivered devoid of emotional undertones. Industry participants engaging with FDT are advised to terminate all associations promptly to safeguard their financial interests. This situation raises critical questions regarding the potential repercussions that Vincent Chok, the founder of FDT, might encounter due to allegations of misconduct. The resolution of these matters will likely rest in the hands of the judicial system and relevant regulatory bodies.
In a recent Ask Me Anything (AMA) session, Vincent Chok addressed a wide array of inquiries, striving to provide comprehensive insights into the challenges facing FDT. However, despite his attempts, the discourse has led to a stalemate between the involved parties. The unfolding scenario reflects the complexities within the crypto sector, emphasizing the need for due diligence and vigilance among stakeholders operating in this volatile landscape.