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FDT Founder Vincent Chok: WLFI Is Not the First Targeted Entity
Following WLFI's lawsuit yesterday, FDT (First Digital Trust) founder Vincent Chok stated today that WLFI is not the first publicly targeted entity, and FDT has been entangled in litigation with them for over a year. Vincent Chok said that over the past 12 months, there have been two public bounty campaigns seeking so-called "internal evidence," with the reward amount increasing from $50 million to $100 million.
Previously, WLFI accused FDT of transferring approximately $500 million of customer funds to multiple banks in Dubai. FDT denied the allegations and took legal action; additionally, according to DIFC Courts documents, Techteryx obtained a global freeze order maintained by the Dubai DIFC Digital Economy Court in a case involving TUSD reserves, freezing about $456 million in assets related to Aria Commodities DMCC.
Vincent Chok stated that more trading partners are responding through legal channels to "malicious attacks and coordinated lies." The relevant disputes are still subject to the outcome of judicial proceedings.