Justin Sun: Due to FDT's failure to pay the interest on its Techteryx investment in 2023, Techteryx initiated an investigation into FDT and discovered a significant amount of client funds under custody had been misappropriated

Blockbeats

04-03

BlockBeats News, April 3rd, Justin Sun stated in his live stream that, "In 2023, due to FDT's failure to pay interest on its investment conducted by Techteryx, Techteryx appointed an independent professional team to initiate a full investigation into FDT. It was discovered that a significant amount of entrusted customer funds had been misappropriated. Techteryx sought support from Justin Sun, who provided assistance to Techteryx from his personal funds, ensuring that TUSD had sufficient liquidity to protect the interests of all TUSD holders."

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It was discovered that a significant amount of entrusted customer funds had been misappropriated. 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