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2025-04-04 05:07:51

Layer3.news on Nostr: crypto.news JUSTIN SUN TAKES LEGAL ACTION AGAINST FDUSD ISSUER FIRST DIGITAL TRUST ...


JUSTIN SUN TAKES LEGAL ACTION AGAINST FDUSD ISSUER FIRST DIGITAL TRUST FOR $500M EMBEZZLEMENT


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✍️ A financial fraud case involving First Digital Trust (FDT) and its stablecoin FDUSD has been reported by a whistleblower, Sun, who claims the company has misappropriated client assets.
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👉 Whistleblower Sun reports financial fraud at First Digital Trust (FDT)
👉 Claims FDT has misappropriated client assets
👉 FDT denies allegations, calls them 'false information' and a 'smear campaign'
👉 Binance confirms FDUSD is backed 1:1 by cash and U.S. Treasury bills

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#Sun #JohnnyWu #Ng #HongKong #business
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