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2025-04-04 10:57:09

Is First Digital Trust in Crisis? Justin Sun Exposes $100M Deficit

The post Is First Digital Trust in Crisis? Justin Sun Exposes $100M Deficit appeared first on Coinpedia Fintech News Tron founder Justin Sun has publicly accused First Digital Trust (FDT), a Hong Kong-based financial institution, of severe financial misconduct. FDUSD, a stablecoin from Hong Kong’s First Digital, recently dropped below its $1 peg due to concerns over its reserves, falling to $0.87 against USDT and $0.76 against USDC, before it stabilised around $0.98–$0.96. Sun …

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