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Category FDUSD

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...
Apr, 04, 2025
3 min read
by CryptoPolitan
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...
Apr, 04, 2025
2 min read
by CryptoSlate
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 ...
Apr, 03, 2025
2 min read
by CryptoSlate
Binance’s FDUSD stablecoin regains its dollar peg after flash crash

Binance’s FDUSD stablecoin regains its dollar peg after flash crash

First Digital USD (FDUSD) crashed and de-pegged as low as 13% after Justin Sun claimed its issuer, First Digital Trust, did not hold sufficient fun...
Apr, 03, 2025
4 min read
by CryptoPolitan
First Digital USD (FDUSD) Depegs After Justin Sun Alleges Firm Is ‘Insolvent’ and Not Fulfilling Redemptions

First Digital USD (FDUSD) Depegs After Justin Sun Alleges Firm Is ‘Insolvent’ and Not Fulfilling Redemptions

A prominent stablecoin depegged from the US dollar Wednesday morning after it was alleged that its Hong Kong-based issuer was bankrupt In a new thr...
Apr, 02, 2025
2 min read
by The Daily Hodl