Odaily Planet Daily News: FDT has officially released an article regarding Justin Sun's recent false accusations against First Digital Trust. Our company makes the following solemn response:
1. The dispute only involves TUSD and has nothing to do with FDUSD. First Digital's financial condition is stable and has sufficient solvency;
2. Each FDUSD is fully guaranteed by the US treasury bond. The fund is safe and the account can be checked. The ISIN numbers of all reserves are clearly listed in our reserve report. (87 million FDUSD redemptions have been completed within the past 24 hours, with smooth bank redemptions and market prices stabilizing);
3. This is a typical smear campaign by Sun Yuchen, aimed at cracking down on his business competitors. As we have stated to CoinDesk reporters, we have not yet had the opportunity to defend ourselves. Sun Yuchen's failure to resolve the TUSD issue through legal means within three years of this incident precisely indicates that it is not legally feasible. Sun Yuchen jumped out of the legal framework and instead launched a coordinated action on social media, attempting to damage FDUSD's business reputation and investor interests, and attempting to use public opinion to destroy another project.
4. First Digital Trust will take legal action to protect its rights and reputation. The authentication report link is attached for verification, and an online Q&A session will be held on April 3, 2025 (Thursday) at 3pm Hong Kong time in X Space.