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 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...
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...
Hong Kong lawmaker Johnny Ng has vowed that authorities will act quickly if fraud allegations against First Digital Trust (FDT), the issuer of the FDUSD stablecoin, are confirmed. In an April 3 post on X, Ng assured investors that the city’s crypto...
First Digital Trust (FDT) denied Justin Sun insolvency allegations and said its stablecoin is fully backed with US Treasury bills. Sun had made the allegation earlier in the day in a social media post, where he said the firm was insolvent and unable...
Monoverse, a blockchain game developer, announced the simultaneous listing of FDT (Frutti Dino Token), the governance token of its blockchain game Frutti Dino, on global crypto exchanges Huobi Global and Gate.io on October 5th. On September 30th,...
Fairdesk is a crypto and derivatives exchange that aims to build a platform that would enable its users and traders to go both long and short thereby profiting from the ups and downs of the market. Users can execute critical investing, trading, and...
