First Digital (FDT) described Justin Sun’s allegations of ‘FDUSD went bankrupt’ as ‘wrong’. The FDT accused SUN of making a ‘smear campaign’ and avoiding legal ways for TUSD exports. Today, the company plans to start a but and legal transactions. Meanwhile, according to the latest documents submitted to the Hong Kong court, Tron Founder Justin Sun, Trueusd (TUSD), intervened quietly to stabilize the stablecoin.
First Digital rejects Justin Sun’s FDUSD claims!
Kriptokoin.comAs you have followed, FDUSD lost his constant after the allegations of Tron Founder Justin Sun yesterday. The FDT, the company behind FDUSD, made a harsh statement against Sun’s warnings. First Digital said that the SUN criticized Sun’s “false explanations ında in the X post and that FDUSD continues to be completely supported by US Treasury bills and assured its users to its security.
First Digital announced that the ongoing compatibility dispute with Sun’s Hong Kong organizers emphasized that it contains TUSD, a stablecoin, which was extracted by Techteryx, and does not contain FDUSD or FDT. First Digital claimed that their stablecoins were financially intact with full payment power. The FDT said that the supported funds are safe and traceable, and even lists the heating numbers for reserves in reserve reports.
FDT accuses the tron inventor of making a “scribble campaign”
Stablecoin exporter FDT accused SUN of conducting a “smear campaign karşı against its competitors. In addition, the First Digital claimed that Sun had avoided legal remedies to solve a three -year problem with TUSD.
FDT accused Tron’s founder of using the social media of using social media to damage the reputation of its rivals, to deterrence investors, and to negatively influence the public about FDUSD. For this reason, the company announced that it will initiate legal action to protect its rights and reputation.
Trueusd (TUSD) crisis and the interview of Justin Sun
TECHTERYX acquired Trueusd in December 2020. He then assigned the First Digital Trust (FDT) to manage TUSD’s reserves. However, the court documents reveal that the FDT directs 456 million dollars of Stablecoin’s assets to Aria Commodities DMCC, which is based on Dubai, rather than complying with the agreed structure.
The court documents reveal that Techteryx faces repeated defaults and unpaid payments from Aria organizations, and that this is at risk Stablecoin’s reserves. The company says that these actions are wrong declarations and that the funds are abused, and that investments do not reflect Tehteryx’s intentions. Matthew Britain, the control figure behind Aria Capital Management, was examined by Matthew Britain and Aria Commodities DMCC, the only owner of DMCC. Although the two companies are clearly separated, court files show that these organizations are closely linked. Matthew Britain is claimed to have even accepted the financial ties between the two.
In the mid -2023, as the liquidity shortage deepened, Techteryx applied to Justin Sun for help. The founder of the Tron provided an emergency financing as a loan to stabilize the situation and ensure that individual repayments continue. This financial intervention helped Techteryx quarantine the $ 400 million TUSD. In addition, it effectively isolated problematic reserves to affect daily users.
