Justin Sun Urges Dubai to Investigate $500M First Digital Trust Fund Transfers

Tron founder Justin Sun has renewed his call for a full investigation into First Digital Trust (FDT), alleging the company moved $500 million in customer assets to banks in Dubai without proper authorization. In a detailed post on May 3, Sun claimed the funds were funneled into accounts at Mashreq Bank, Emirates NBD, Abu Dhabi Islamic Bank (ADIB), and EFG. Sun named several individuals he alleges were directly involved in facilitating the transfers, including FDT CEO Vincent Chok and former executives Christian Alexander Boehnke, De Lorraine Elbouef, Yai Sukonthabhund, Matthew William Brittain, and Cecilia Teresa Brittain. He asserted that their executive roles within FDT and related firms enabled them to access and misappropriate customer funds. As Dubai continues to build its reputation as a crypto-friendly hub, Sun warned that inaction could risk tarnishing the city’s credibility. He urged local regulators and financial institutions to act swiftly by launching internal audits, freezing suspicious inflows, and disclosing any irregularities. “Dubai must not become a safe haven for fraud and money laundering,” Sun warned, adding that decisive action is needed to uphold trust in the financial and crypto sectors alike. Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','1188189499475368');fbq('track','PageView'); Source: https://coindoo.com/justin-sun-urges-dubai-to-investigate-500m-first-digital-trust-fund-transfers/