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FDUSD Stablecoin Fully Backed, Says First Digital Labs Amid Justin Sun Fraud Allegations

FDUSD Stablecoin Fully Backed, Says First Digital Labs Amid Justin Sun Fraud Allegations

First Digital Labs has published a new report confirming that its FDUSD stablecoin remains fully backed by reserves, as it faces fraud accusations ...
First Digital Trust sues Justin Sun for defamation over “insolvency” allegation

First Digital Trust sues Justin Sun for defamation over “insolvency” allegation

First Digital Trust filed a defamation lawsuit against Justin Sun after he publicly claimed the company was insolvent.
Justin Sun Calls Out Seven Sins by First Digital Trust

Justin Sun Calls Out Seven Sins by First Digital Trust

Justin Sun said First Digital Trust has misappropriated over $500 million in TUSD reserves through unauthorized transfers and falsified records, an...
Weekly Summary: 'Liberation Day', progress of stablecoin regulation and Ethereum's renewed DEX leadership

Weekly Summary: 'Liberation Day', progress of stablecoin regulation and Ethereum's renewed DEX leadership

Donald Trump announced a promised list of trade duties, stablecoin legislation advanced in the U.S., the Ethereum network regained the lead in trad...
Justin Sun offers $50M bounty for proof that First Digital Trust hid funds and crashed TUSD

Justin Sun offers $50M bounty for proof that First Digital Trust hid funds and crashed TUSD

Justin Sun is offering $50M bounty for information and evidence that First Digital Trust has diverted funds and has insufficient backing for its st...
Justin Sun targets First Digital Trust with $50 million bounty over alleged embezzlement

Justin Sun targets First Digital Trust with $50 million bounty over alleged embezzlement

TRON founder Justin Sun has announced a $50 million bounty program to expose the alleged $500 million embezzlement by First Digital Trust (FDT), th...
Justin Sun’s $500M Bailout of TUSD Exposes Weaknesses in Hong Kong Trust Regulation

Justin Sun’s $500M Bailout of TUSD Exposes Weaknesses in Hong Kong Trust Regulation

Conflicting narratives emerged Thursday regarding TrueUSD (TUSD) reserves as Tron founder Justin Sun confirmed he provided the $500 million loan fo...
Hong Kong investigates trust companies amid Justin Sun’s claims against First Digital Trust

Hong Kong investigates trust companies amid Justin Sun’s claims against First Digital Trust

Johnny Jiezhuang Wu, chairman of the Hong Kong Legislative Council Web3 and Digital Assets subcommittee, has announced that legislators are investi...
Justin Sun Reports $500M Embezzlement at First Digital Trust to Hong Kong Authorities

Justin Sun Reports $500M Embezzlement at First Digital Trust to Hong Kong Authorities

Justin Sun reports $500M embezzlement at First Digital Trust to Hong Kong authorities, alleging severe financial misconduct that impacted stablecoi...
Hong Kong reevaluates crypto trust rules amid Justin Sun’s First Digital Trust allegations

Hong Kong reevaluates crypto trust rules amid Justin Sun’s First Digital Trust allegations

Hong Kong lawmaker Johnny Ng has vowed that authorities will act quickly if fraud allegations against First Digital Trust (FDT), the issuer of the ...