Justin Sun posted on the X platform that theft of user funds by First Digital Trust (FDT) and the misappropriation of user funds by FTX are both very serious and bad misappropriation of user funds. However, if you have to compare the degree of terror, the degree of First Digital Trust (FDT) is even more serious, even more than ten times worse than FTX. The reasons are as follows: FTX misappropriation of user funds. Although the user is not aware of the misappropriation, at least within FTX, SBF made a pledge loan, representing Alemeda Research, and mortgaged a large amount of FTT/SRM/FTX shares/Maps tokens to FTX to lend user funds. At least on the surface, this is a loan and a certain degree of collateral was made according to the percentage, while FDT It is directly misappropriating and stealing assets without the user's knowledge without the user's knowledge, and there is no internal mortgage process. SBF misappropriated FTX's user funds, but was not authorized by the user, but eventually used it for investment. In the end, at least most of them entered high-quality companies such as Robinhood stocks, Anthropic and other AI companies, and did not engage in corruption or enjoyment. At present, FDT has entered private companies, completely misappropriated and embezzled, and has not made any substantial investments. After the incident was exposed, SBF had at least a positive attitude, at least actively remedy it, and hired a law firm to find ways to recover user assets. After the fact of misappropriation was exposed, Zhuo Junqiang still pointed out that he was a horse and pretended that nothing had happened, with great subjective malice. After the FTX incident, US regulators and law enforcement agencies quickly took action, actively intervened in the FTX bankruptcy process, and arrested FTX-related personnel (including SBF), actively controlled the situation, helped users to recover losses, and avoided a significant impact on the US financial reputation.