The flow of funds in MSX makes my scalp tingle, $11.97 million going into institutional channels, $3.82 million into CEX, and the remaining six to seven million spread across cross-chain bridges and unknown addresses—do you call this tokenization of U.S. stocks? Where's the reserve proof? Where are the brokerage accounts?

According to a report from Biqujie.com, Wu Shuo has learned that Darcy, co-founder of flash rescue, said that the suspected affiliated wallets of MSX (Maitong MSX) are involved in transferring some users’ deposited funds to cross-chain bridges, exchanges, and external relay networks. Based on on-chain tracking, the relevant funds are approximately $11.97 million flowing to institutional channels, about $3.82 million flowing to centralized exchanges, and another approximately $6.67 million to $7.79 million flowing to cross-chain bridges, DEFI, OTC, and unknown addresses. Darcy said that, before MSX has disclosed complete proof of reserves, broker accounts, and trading records, whether the above fund flows match the U.S. stock tokenization business model it claims is still pending further verification.