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Wu Shuo learned that Darcy, co-founder of Flash Rescue, said that MSX (Mai Tong MSX) allegedly has associated wallets that have transferred some users’ top-up funds to cross-chain bridges, exchanges, and external intermediary networks. Based on its on-chain tracking results, about $11.97 million of the related funds flowed into institutional channels, about $3.82 million flowed to centralized exchanges, and another roughly $6.67 million to $7.79 million flowed to cross-chain bridges, DeFi, OTC, and unknown addresses. Darcy said that, before MSX discloses complete reserve proofs, broker accounts, and trading records, it still needs further verification whether the above fund flows match the U.S. stock tokenization business model it claims.