According to Foresight News, First Digital Trust issued a statement saying, "Justin Sun's recent accusations against First Digital Trust are completely false. This dispute is related to TUSD and has nothing to do with FDUSD. First Digital is fully solvent. Every dollar supporting FDUSD is fully, safely, and reliably backed by US Treasury bonds. The exact ISIN numbers of all FDUSD reserves are listed in our certification report with clear records. This is a typical defamation action by Justin Sun aimed at attacking a business competitor. As we told the CoinDesk reporter, we have not yet had the opportunity to defend ourselves. Justin Sun has not resolved the TUSD issue in court, but instead resorts to coordinated social media activities to try to damage FDUSD's position as a business competitor. FDT will take legal action to protect its rights and reputation."

They stated that they will hold an AMA on X at 4 PM Hong Kong time on Thursday, April 3rd to discuss this issue.