Cryptocurrency tycoon Justin Sun has publicly accused Hong Kong-based FDT Limited of embezzling $500 million. Sun’s allegations have ignited a major stir in the crypto community and could lead to significant regulatory changes within the financial landscape of Hong Kong. While FDT officials haven’t yet commented on Sun’s claims, his accusations have led to heightened investor scrutiny across digital asset platforms. The case has prompted calls for stronger regulatory oversight, as similar past events have often resulted in market volatility and trust issues. Experts predict that Hong Kong regulators may implement stricter measures, leading to increased compliance costs for crypto firms and potentially impacting global market operations.