FDT responded to Sun Yuchens accusation: This is a typical smear campaign. FDT will take legal action and will hold a Space QA session at 15:00 today.

CoinRank News: FDT officially released a statement. Regarding the recent false accusations made by Justin Sun against First Digital Trust, the company made the following solemn response: 1. The dispute only involves TUSD and has nothing to do with FDUSD. First Digital is in a sound financial position and has full solvency; 2. Each FDUSD is fully guaranteed by US Treasury bonds, the funds are safe, the accounts are traceable, and the ISIN numbers of all reserves are clearly listed in our reserve report. (87 million FDUSD redemptions have been completed in the past 24 hours, bank redemptions are smooth, and market prices are stabilizing); 3. This is a typical smear campaign by Justin Sun aimed at attacking his business competitors. As we told CoinDesk reporters, we have not yet been given the opportunity to defend ourselves. The fact that Justin Sun did not resolve the TUSD issue through legal means within three years of this incident precisely shows that it is not feasible in law. Justin Sun jumped out of the legal framework and launched a coordinated action on social media to damage the business reputation and investor interests of FDUSD and try to destroy another project with public opinion. 4. First Digital Trust will take legal action to safeguard its rights and reputation. A link to the forensic report is attached for verification. An online QA session will be held at X Space on Thursday, April 3, 2025 at 3pm Hong Kong time.