According to PANews on April 3, Justin Sun said in a live broadcast that he had reported the First Digital Trust (FDT) fraud incident to the Hong Kong police and submitted the lawsuit to the Hong Kong High Court. He emphasized that the content of this press conference was only a private investigation and not the whole picture of the incident. At the same time, he announced that he would provide a $50 million reward to law enforcement agencies and insiders who could provide effective assistance to promote the investigation and resolution of the incident.

According to previous news, First Digital responded: It will take legal action against Sun Yuchen’s "slanderous behavior" and will hold a Space Q&A session soon .