First Digital Responds to Justin Sun's Accusations: The Controversy Only Involves TUSD and Is Completely Unrelated to FDUSD; First Digital Has Sufficient Funds to Cover It

BlockBeats News, April 3rd, First Digital Trust stated on social media, "In response to Justin Sun's recent baseless accusations against First Digital Trust:

· The dispute only involves TUSD and is completely unrelated to FDUSD. First Digital is financially sound and has more than enough liquidity to cover all liabilities.

· Each FDUSD is fully backed by U.S. Treasury bonds, ensuring the safety of funds. The accounts are auditable, and all reserve ISIN numbers are clearly listed in our reserve report. (In the past 24 hours, 87 million FDUSD redemptions have been processed smoothly through bank redemptions, stabilizing the market price).

· This is a typical smear campaign by Justin Sun aimed at undermining his business competitors. As we told a CoinDesk reporter, we have not had the opportunity to defend ourselves. The fact that Justin Sun has not resolved the TUSD issue through legal means in three years shows that the legal route is fruitless. Instead of following legal procedures, Justin Sun has resorted to social media to attempt to damage the business reputation and investor interests of FDUSD, trying to use public opinion to destroy another project.

· First Digital Trust will take legal action to defend its rights and reputation. A link to the notarized report is attached for verification, and an online Q&A session will be held on Thursday, April 3, 2025, at 3 pm Hong Kong time at X Space."