According to Justin Sun, First Digital Trust (FDT) is reportedly unable to fulfill client fund redemptions, indicating potential insolvency. Despite this, FDT continues to operate under a public trust in Hong Kong, highlighting potential regulatory loopholes. Traders should exercise caution due to these financial irregularities.

According to H.E. Justin Sun (@justinsuntron), First Digital Trust (FDT) is reportedly insolvent and unable to fulfill client fund redemptions. Users are urged to take immediate action to secure their assets. This situation highlights significant issues in the trust licensing process, impacting the security of client funds. Traders should be cautious and assess the risk exposure to FDT-related assets.

According to Justin Sun, First Digital Trust (FDT) is currently unable to fulfill client fund redemptions, indicating effective insolvency. Sun advises users to take immediate action to secure their assets. He highlights significant loopholes in the trust licensing process in Hong Kong and internal risk management at FDT, which could impact trading operations and asset security (source: Justin Sun's tweet).