Latest News and Articles about FDUSD
Justin Sun Alleges $500M Embezzlement by First Digital Trust, Rocks Crypto Market
Justin Sun Accuses First Digital Trust of $500M Embezzlement, Shaking Crypto Market Tron founder Justin Sun has sent shockwaves through the cryptocurrency world by accusing First Digital Trust (FDT) of embezzling nearly $500 million in client reserves. This accusation has sparked a legal battle between TUSD issuer Techteryx and FDT, with claims that FDT misused […]
Read MoreFirst Digital Trust Denies Insolvency Claims, Targets Legal Action Against Justin Sun
First Digital Trust Denies Justin Sun’s Allegations, Plans Legal Action First Digital Trust, the issuer of the FDUSD stablecoin, has strongly refuted allegations of insolvency made by Justin Sun, labeling them as part of a smear campaign aimed at tarnishing their reputation. First Digital Trust refutes insolvency claims Controversy centers around TrueUSD (TUSD), not FDUSD […]
Read MoreFDUSD Stablecoin Crashes to $0.76 Amid Liquidity Fears and Justin Sun’s Accusations
FDUSD Stablecoin Depegs Amid Allegations and Liquidity Concerns FDUSD, a stablecoin issued by First Digital, recently experienced a dramatic depeg, plummeting to as low as $0.76 before recovering to around $0.97. This event was triggered by concerns over the liquidity of First Digital’s reserves and amplified by accusations from Tron founder Justin Sun. FDUSD depegged […]
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