When Stablecoins Go Rogue: Justin Sun’s 🎢 Drama with First Digital

The Saga Continues

But wait, there’s more! On April 2, Justin Sun claimed that First Digital Trust was as solvent as a sinking ship after mismanaging nearly $456 million in TrueUSD reserves. 🚢💰

According to legal filings, the funds were diverted into unauthorized investments, leaving poor Techteryx in need of an emergency bailout from Sun himself. 🤑💸

Not one to hold back, FDT fired back, calling Sun’s accusations a “typical Justin Sun smear campaign” aimed at taking down a competitor. They accused him of trying to damage their business through a coordinated social media effort instead of letting the courts handle the TUSD dispute. 📺🚫

But fear not, dear investors! FDT reassured everyone that they’re still solvent and that all FDUSD reserves are accounted for, complete with verifiable ISIN numbers. 📝✅

And just when you thought it couldn’t get any juicier, FDT announced plans to take legal action to defend its rights and reputation. Popcorn, anyone?🍿…

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2025-04-02 23:20