The third defendant in the insider trading case involving Futu and Tiger, Yang Jingyao, appeared in court and applied for the unfreezing of assets.

According to a report by Caixin, the third defendant in the Futu Holdings and Tiger Brokers US stock options insider trading case, Yang Jingyao, has appeared in court and filed for the unfreezing of assets. In a statement submitted to the US court on July 23, Yang Jingyao stated that his personal assets far exceed his personal liabilities, and he has no outstanding debts. At present, there is no public evidence showing that the securities accounts or funds subject to the US court’s restraining order are related to the failure of the Rongzun International tender offer.