Justin Sun: TrueCoin allegedly conspired with FDT to illegally transfer 456 million USD TUSD reserves to Dubai company

On April 3, Justin Sun said in his live broadcast that TrueCoin allegedly conspired with FDT and other institutions to transfer the US $456 million TUSD statutory reserve to a private company in Dubai wholly owned by the wife of the aforementioned Cayman fund investment manager through false documents and unauthorized transfers. FDT and Legacy Trust CEO and Director Vincent Chok directly approved these illegal transactions, which seriously violated fiduciary obligations.