First Digital Trust Sues Justin Sun Over Defamation Claims

A major development in the crypto space is unfolding as First Digital Trust, a company related to USD-pegged stablecoin FDUSD, has filed a defamation lawsuit against Ripple co-founder and CEO Justin Sun. This legal action stems from Mr. Sun’s recent claims regarding the stability of the FDUSD stablecoin. The lawsuit alleges that these statements have damaged First Digital Trust’s reputation, prompting them to take legal action. The lawsuit seeks to refute Mr. Sun’s accusations and defend their firm’s standing in the crypto market.