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2025-04-03 06:42:57
FDT responded to Sun Yuchen's accusation: This is a typical smear campaign. FDT will take legal action and will hold a Space Q&A session at 15:00 today.
Odaily News FDT officially released a statement. Regarding the recent false accusations made by Justin Sun against First Digital Trust, the company made the following solemn response: 1. The dispute only involves TUSD and has nothing to do with FDUSD. First Digital is in a sound financial position and has full solvency; 2. Each FDUSD is fully guaranteed by US Treasury bonds, the funds are safe, the accounts are traceable, and the ISIN numbers of all reserves are clearly listed in our reserve report. (87 million FDUSD redemptions have been completed in the past 24 hours, bank redemptions are smooth, and market prices are stabilizing); 3. This is a typical smear campaign by Justin Sun aimed at attacking his business competitors. As we told CoinDesk reporters, we have not yet been given the opportunity to defend ourselves. The fact that Justin Sun did not resolve the TUSD issue through legal means within three years of this incident precisely shows that it is not feasible in law. Justin Sun jumped out of the legal framework and launched a coordinated action on social media to damage the business reputation and investor interests of FDUSD and try to destroy another project with public opinion. 4. First Digital Trust will take legal action to safeguard its rights and reputation. A link to the forensic report is attached for verification. An online Q&A session will be held at X Space on Thursday, April 3, 2025 at 3pm Hong Kong time.
2024-10-27 07:54:00
Poloniex has withdrawn more than $50 million in stUSDT on the Ethereum chain in a few months, and the total supply on the chain has dropped to about 1.89 million
Odaily News According to on-chain data, as Justin Sun's Poloniex exited the Staked USDT protocol, its usage on Ethereum has dropped significantly. Staked USDT (stUSDT), which invests in U.S. Treasuries to pay returns to users who "stake" its tokens, has previously been used by entities and wallets associated with Justin Sun, accounting for the vast majority of USDT in HTX's reserves. In addition, on Ethereum, a large portion of the token is controlled by the address 0x176F3DAb24a159341c0509bB36B833E7fdd0a132, which was previously marked as "Justin Sun 4" on Etherscan, but is now marked as "Poloniex 9". This address once controlled 96% of the total supply of stUSDT on the Ethereum chain. However, about three months ago, the exchange appeared to request the withdrawal of about $30 million worth of stUSDT, and a few days ago withdrew more than $20 million worth of stUSDT. The largest holder on the Ethereum chain, 0x9FCc67D7DB763787BB1c7f3bC7f34d3C548c19Fe, currently holds only $1.7 million worth of stUSDT, accounting for about 90% of the total supply on the chain (about 1.89 million). The largest token holder on the Tron chain is HTX address TDToUxX8sH4z6moQpK3ZLAN24eupu2ivA4, which still holds $195 million worth of stUSDT, accounting for about 85% of the supply on the Tron chain. (Protos)
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