First Digital responds: Legal action will be taken against Justin Sun's "smearing behavior", and Space Q&A will be held soon

PANews reported on April 3 that First Digital issued a statement saying: "About Justin Sun's recent false accusations against First Digital Trust, our company made the following solemn response:

1. The dispute only involves TUSD and has nothing to do with FDUSD. First Digital has a solid financial situation and is fully solvency.

2. Each FDUSD is fully guaranteed by US Treasury bonds, the funds are safe and the accounts are checkable, and the ISIN numbers of all reserves are clearly listed in our reserve report. (The 87 million FDUSD redemption has been completed in the past 24 hours, bank redemption has been smooth, and market prices have stabilized).

3. This is a typical smearing act by Justin Sun, aiming to attack his business competitors. As we said to CoinDesk reporters, we have not yet obtained the opportunity to defend ourselves. In this incident, Justin Sun did not allow the TUSD issue to be resolved through legal means within three years, which shows that it is not legally possible. Justin Sun jumped out of the legal framework and launched a coordinated action on social media, attempting to damage FDUSD's business reputation and investors' interests, and trying to destroy another project with public opinion.

4. First Digital Trust will take legal action to protect its rights and reputation, attach a link to the forensic report for verification, and will hold an online Q&A meeting at X Space on Thursday, April 3, 2025 at 3pm Hong Kong time. ”