Last night (HK Time), Justin Sun, co-founder of TRON Blockchain, accused First Digital Trust of insolvency, triggering a severe depeg of the FTUSD stablecoin.
Last night (HK Time), a severe depeg of the FTUSD stablecoin occurred following an accusation by Justin Sun, co-founder of TRON Blockchain, of insolvency against First Digital Trust. This move is believed to be retaliation for past tensions between First Digital and Techteryx—a company rumored to be owned by Sun—which ultimately led to a lawsuit and a large-scale shift in the Binance ecosystem.
Justin Sun’s Accusation & FDUSD Depeg
On April 2, 2025, Justin Sun took to X to issue a stark warning about First Digital Trust, stating, “First Digital Trust (FDT) is effectively insolvent and unable to fulfill client fund redemptions. I strongly recommend that users take immediate action to secure their assets.”
Protect users and protect HK
First Digital Trust (FDT) is effectively insolvent and unable to fulfill client fund redemptions. I strongly recommend that users take
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
