Justin Sun Reports $500M FDUSD Embezzlement Case in Hong Kong

Crypto industry figure Justin Sun has publicly accused First Digital Trust (FDT) of a massive $500 million embezzlement case involving stablecoin FDUSD. This shocking revelation, made on X platform, has prompted immediate action from Hong Kong authorities. The allegations have raised concerns about trust in the cryptocurrency ecosystem and stability within the stablecoin sector. Let’s examine this developing story.