📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
Justin Sun: FDT's net assets by the end of 2024 will be negative HKD 100 million, with massive misappropriation of user assets leading to huge losses.
BlockBeats news, on April 4, Justin Sun posted on social media indicating that First Digital Trust (FDT) has fallen into a state of insolvency – that is, total liabilities exceed total assets, essentially in a state of financial bankruptcy. Because of this, according to international banking regulatory regulations, banking institutions must meet strict capital adequacy requirements, or they will face the risk of having their banking licenses revoked. Shockingly, FDT has not only been insolvent once but has been in this state for three consecutive years – with a negative net asset of 100 million HKD by the end of 2024. This does not even include the huge losses caused by its large-scale misappropriation of user assets. But paradoxically, as we speak, the company is still publicly raising billions in funds. The real question that Hong Kong regulatory agencies and law enforcement need to answer is: how could this happen under their supervision? The fact that FDT is still operating is a huge irony of the rule of law in Hong Kong.