First Digital Responds to Justin Sun's Accusations: The Controversy Only Involves TUSD and Is Completely Unrelated to FDUSD; First Digital Has Sufficient Funds to Cover It

On April 3rd, First Digital Trust stated on social media, "In response to Justin Sun's recent unfounded accusations against First Digital Trust: · The dispute only pertains to TUSD and has nothing to do with FDUSD. First Digital is financially stable and has more than adequate liquidity to cover all liabilities. · Each FDUSD is fully supported by U.S. Treasury bonds, guaranteeing the safety of funds. The accounts are auditable, and all reserve ISIN numbers are clearly presented in our reserve report. (In the past 24 hours, 87 million FDUSD redemptions have been smoothly processed through bank redemptions, stabilizing the market price). · This is a typical smear operation by Justin Sun aimed at undermining his business competitors. As we informed a CoinDesk reporter, we have not had the chance to defend ourselves. The fact that Justin Sun has not resolved the TUSD issue through legal means in three years indicates that the legal path is ineffective. Instead of following legal procedures, Justin Sun has resorted to social media to attempt to damage the business reputation and investor interests of FDUSD, trying to use public opinion to destroy another project. · First Digital Trust will take legal action to safeguard its rights and reputation. A link to the notarized report is provided for verification, and an online Q&A session will be held on Thursday, April 3, 2025, at 3 pm Hong Kong time at X Space."