Tron Founder Justin Sun announced an award program of $ 50 million to reveal $ 500 million corruption, allegedly realized by the company, the company behind the Stablecoin Fdusd, to reveal the $ 500 million corruption.
Sun said that this award amount corresponds to about 10 percent of the alleged funds. This development took place only one day after Sun’s meeting with Hong Kong deputy Johnny Wu.
What happened between Tron Founder Justin Sun and FDT?
On April 2, 2025, the FDUSD lost the dollar stability and fell to $ 0.87 and aroused a great impact. Tron Founder Justin Sun warned investors claiming that FDUSD went bankrupt, and claimed that Binance was quiet, although he was aware of this situation.
First Digital described Sun’s claims as “unfounded” and “smear campaign, and announced that FDUSD was completely supported by US treasury bills. The company announced that it would apply to legal remedies and make a press release on April 3. Kriptokoin.comWe have included the details of the development in this article.
Tron Founder Justin Sun’s charges against First Digital Limited dated April 2, 2025Sun’s Money Prize move
Tron’s founder now invites those who have information from inside and experts in the industry to be involved in the process. He said that the investigation and award process will be followed in a transparent way through a special platform called Web3Bounty.io.
“All claims will be meticulously evaluated before the awards are given.” he said.
According to Sun, this issue is not limited to the withdrawal of the funds. It also aims to protect the integrity of the Web3 ecosystem and to defend Hong Kong’s position as a reliable global financial center.
CALLED TO THE REGISTERS
On April 3, Sun presented documents to local authorities and demanded an emergency regulatory review on the FDT. Sun claimed that the situation has revealed serious flaws in the functioning of trust institutions in the intersection of traditional finance and blockyr platforms.
He also held a press conference and explained in detail the serious irregularities within the FDT. Sun claimed that the firm has still operates as a public trust institution, although financial bankruptcy.
Hong Kong officials, Sun’s fraud allegations will take action quickly if the accuracy of the accuracy of the allegations, he said.
Tron founder’s statements triggered the decline in FDUSD price
This conflict between Sun and First Digital Trust negatively affected the value of the FDUSD Stablecoin.
On April 2, after Sun’s allegations, there was a significant fluctuation in the price of Stablecoin, but later gained stability.
Nevertheless, it is seen that investor confidence is shaken. According to the data, FDUSD’s market value fell to approximately 2.2 billion on April 2, while 2.59 billion. This means a decrease of almost $ 400 million.
First Digital Trust confirmed that some return transactions have taken place and announced that these outlets were caused by increasing market uncertainty after the allegations. The company said that they will defend their work and reputation against wrong narratives.
