Tron founder Justin Sun stated: Protecting users, protecting First Digital Trust (FDT), which is actually insolvent and unable to fulfill customer fund redemption obligations. I strongly recommend that users take immediate action to safeguard their assets. There are significant loopholes in Hong Kong's trust license approval process and internal risk control of the financial system. I call on regulatory and law enforcement agencies to quickly intervene, investigate the issues, and prevent further major losses. Hong Kong's reputation as a global financial center is facing a severe test, and such financial fraud incidents must never happen again.
FDUSD has plummeted, with a price difference of 1:0.88 compared to USDT:
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