Wu Shuo learned that Darcy, co-founder of Flash Rescue, stated that MSX (Mai Tong MSX) suspected associated wallets have transferred some user deposit funds to cross-chain bridges, exchanges, and external intermediary networks. According to their on-chain tracking results, approximately $11.97 million in related funds flowed into institutional channels, about $3.82 million flowed into centralized exchanges, and another approximately $6.67 million to $7.79 million flowed into cross-chain bridges, DeFi, OTC, and unknown addresses. Darcy said that, given that MSX has not disclosed complete reserve proofs, broker accounts, and trading records, whether the above fund flows match their claimed US stock tokenization business model still requires further verification.

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