- First Digital Trust refutes Justin Sun’s allegations as false.
- The company views the statements as part of a smear campaign.
- Legal action is being considered against Justin Sun.
First Digital Trust, the issuer behind the FDUSD stablecoin, has pushed back against recent statements made by crypto entrepreneur Justin Sun. According to the firm, Sun’s accusations are entirely false and lack any basis. The company has labeled the remarks as a “defamatory campaign,” intended to damage its reputation in the crypto industry.
This comes at a time when stablecoins like FDUSD are gaining traction in the market. Sun, who is known for his involvement with the TRON blockchain and other crypto ventures, made public claims regarding the stability and backing of FDUSD. However, First Digital Trust has firmly denied all allegations, asserting its commitment to transparency and regulatory compliance.
Accusations Called “Defamatory Campaign”
In a strong-worded statement, First Digital Trust did not mince words. The company believes that Justin Sun’s comments are part of a deliberate attempt to mislead the public and damage their credibility. They emphasized that FDUSD is fully backed and operates under strict regulatory frameworks.
While the exact nature of Sun’s allegations hasn’t been detailed publicly, the response from First Digital indicates a serious breakdown in relations between the two parties. The crypto community has been watching closely as tensions escalate between the stablecoin issuer and the high-profile crypto figure.
Legal Action on the Table
Most notably, First Digital Trust has indicated that it is exploring legal options. The company is currently considering formal legal action against Justin Sun, signaling that they will not tolerate false claims or reputation attacks.
This situation highlights the increasing need for accountability and fact-based communication within the crypto space. With regulatory scrutiny intensifying, companies are more willing to take legal steps to protect their integrity.
As this story develops, it may serve as a precedent for how misinformation or defamation is handled within the fast-evolving digital asset industry.
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