First Digital Trust Denies Justin Sun's Allegations, Vows Legal Action

First Digital Trust (FDT), the issuer of FDUSD, has refuted recent allegations made by Justin Sun, asserting that the claims are entirely false. The dispute, according to FDT, is solely related to TUSD and does not involve FDUSD. FDT emphasized that it has full solvency and that each dollar of FDUSD is fully backed by US Treasury bonds, ensuring its security, reliability, and traceability. The ISIN numbers of all reserve Treasury bonds are clearly listed in the published attestation report, providing transparency and accountability.

FDT's official statement highlighted that Justin Sun's actions constitute a smear campaign against a business competitor. Instead of allowing the TUSD dispute to follow the legal process, Sun initiated a coordinated attack on social media to undermine FDUSD. FDT has announced its intention to take legal action to protect its rights and reputation. The company will host an AMA livestream on April 3, 2025, at 4:00 PM to provide further details on this matter, aiming to address any concerns and clarify the situation for its stakeholders.