First Digital Trust announced that it maintains its financial strength. The company rejected the bankruptcy allegations made by Justin Sun, the famous name, who intervened during the crisis with Trueusd. In this statement, it was emphasized that the institution was supported by American treasury bills called FDUSD. In addition, the legal dispute is related to Trueusd, said it has nothing to do with FDUSD.
Allegations about FDUSD
First Digital Trust announced in his official statement that the company was completely safe and denied unfounded allegations about the current financial situation. The statements shared that FDUSD was supported by American Treasury bills and thus the security of investors was provided. The company said that Justin Sun is trying to spread unfounded information.
He also made statements that the institution has not yet had the opportunity to defense in court and that the issue was tried to be corrupted by attacks on social media. In this context, it is stated that all kinds of discussions on financial matters should be carefully discussed.
Justin Sun’s explanations
On the other hand, Justin Sun made a deterrent statements for FDUSD -related investors, arguing that First Digital Trust went bankrupt. Sun warned investors to cut their connections with the institution, while the company’s officials will face the court, he said. This statement led to the emergence of different views in the process of struggling with the claims of the institution.
“First Digital Trust (FDT) has bankrupt. Investors immediately cut their connections.” -Justin Sun.
Market observers drew attention to the fluctuations in the value of FDUSD. In the first place, significant decreases in the value of stablecoin took place in a short time.
Explanations reveal that both the financial structure of FDUSD and the regulatory developments of the sector are closely monitored. The institution said that the discussions carried out in social media and press organs on the subject reflect the harsh discourses in the competitive environment. On the other hand, arrangements for stablecoins throughout the sector remain on the agenda.
Market investors and the relevant parties, based on the explanations, will closely follow the existing developments. The presence of different opinions between the parties shows that the uncertainty in the financial market continues.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
