Sun Yuchen releases progress on FDT and ARIA fraud cases, calling on Dubai regulators and banks to take swift action

Sun Yuchen released the latest progress on the First Digital Trust (FDT) and ARIA fraud cases on the X platform, stating that the amount involved in the FDT and ARIA related fraud case exceeds $500 million, and the relevant personnel include Christian Alexander Boehnke De Lorraine Elbouef、Vincent Chok、Yai Sukonthabhund、Matthew William Brittain And Cecilia Teresa Brittain. These funds flowed into multiple banks in Dubai through First Digital Trust and Legacy Trust in Hong Kong, including Mashreq Bank, Abu Dhabi Islamic Bank (ADIB), Emirates NBD, and Swiss EFG Bank. Sun Yuchen also called on the Dubai government, regulatory agencies, and banks to take swift and decisive action once again. Dubai must not become a safe haven for fraud and money laundering. Banks must immediately conduct internal audits, freeze suspicious fund inflows, and proactively report them to avoid becoming accomplices to criminal activities.