Crypto mogul Justin Sun finds himself embroiled in a legal battle with First Digital Trust, the company he founded. Accusations of embezzlement amounting to $500 million have been leveled against him, leading to a clash of legal claims. Sun contends that these allegations are part of a smear campaign orchestrated by First Digital Trust. 1st Digital Trust has formally served Sun with a defamation claim, accusing his public statements of harming their reputation. Despite this, Sun welcomes the legal action, seeing it as an opportunity to clear his name and address the accusations head-on. This dispute raises questions about the stability of FDUSD, the stablecoin issued by First Digital Trust. The outcome of the battle could significantly impact investor confidence in the cryptocurrency market.