Justin Sun Sues FDUSD Issuer for Alleged $500M Embezzlement

Tron founder Justin Sun has initiated legal action against First Digital Trust (FDT), the issuer of the FDUSD stablecoin, alleging that they have embezzled nearly $500 million in client funds. ☀️ 💰 🏛️ Sun claims FDT mishandled customer assets, and he publicly reported the case to Hong Kong lawmakers and regulatory authorities on April 3rd. He argues this constitutes a major international financial fraud involving traditional finance and web3 companies.