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2025-04-04 05:07:51
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crypto.news on Nostr: crypto.news ✍️ A financial fraud case involving First Digital Trust (FDT) and its ...



✍️ 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.
👉 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

#Sun #JohnnyWu #Ng #HongKong #business


Tron founder Justin Sun has initiated a legal process against First Digital Trust, the issuer behind the FDUSD stablecoin, accusing it of embezzling nearly $500 million in client funds. On a Apr. 3 post in X, Sun said he had…
https://crypto.news/justin-sun-takes-legal-action-against-fdusd-issuer-first-digital-trust-for-500m-embezzlement/

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