Sun accused FDT of exploiting gaps in Hong Kong’s trust company regime and urged regulators to act after a Dubai court froze assets linked to the alleged misappropriation.
In a statement to CoinDesk, FDT's Vincent Chok said his company "welcomes any steps that assist Techteryx in pursuing recovery of its funds from the Aria entities."
Hong Kong, May 6, 2025 – A new bounty program has been launched on the online platform Web3Bounty.io, which aims at finding leads and information about the approximately $456 million of the TrueUSD (TUSD) stablecoin reserves being misappropriated....
TRON founder Justin Sun has issued an update on what he describes as a “$500 million fraud” involving misappropriated TrueUSD (TUSD) reserves. The alleged scheme centers around a web of individuals and entities linked to First Digital Trust (FDT),...
Justin Sun’s insolvency accusations against First Digital Trust (FDT) shook the crypto market. The Tron founder urged users to withdraw funds, leading to a temporary depeg of FDUSD.
TRON founder Justin Sun has announced a $50 million bounty program to expose the alleged $500 million embezzlement by First Digital Trust (FDT), the issuer of the FDUSD stablecoin. In an April 4 statement on social media, Sun revealed that the...
Conflicting narratives emerged Thursday regarding TrueUSD (TUSD) reserves as Tron founder Justin Sun confirmed he provided the $500 million loan following alleged misuse by Hong Kong-based fiduciary First Digital Trust (FDT), while FDT vehemently...
On the evening of April 2, 2025, the world of cryptocurrency was shaken by an explosive accusation from Justin Sun, founder of the crypto project Tron. Sun accused First Digital Trust (FDT), the issuer of the stablecoin $FDUSD, of fraud, alleging...
In a dramatic turn of events on April 2, 2025, the stablecoin $FDUSD briefly lost its usual $1 value, dropping to as low as $0.8726 after a series of bankruptcy rumors surrounding its issuer, First Digital Trust (FDT). This sharp decline in price...
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