Justin Sun Calls First Digital Trust Scandal ‘Worse Than FTX’ – Crypto World on High Alert

The cryptocurrency community faces a new wave of potential scandal with the emergence of accusations against Hong Kong-based First Digital Trust (FDT). Tron founder Justin Sun has characterized this situation as potentially even more serious than the collapse of FTX, highlighting what he claims are unauthorized fund transfers. FDT allegedly bypassed typical transparency methods commonly used by crypto exchanges like FTX. According to Sun, $456 million was moved from TUSD’s custodial reserves to a dubious company in Dubai without client consent or collateral.