Solvency: First Digital Trust Refutes Allegations

First Digital Trust Denies Insolvency Allegations Amidst Liquidity Crisis

• First Digital Trust has refuted claims of insolvency and financial mismanagement.
• The Trust asserts that its FDUSD stablecoin is solvent and backed by US Treasury Bills.
• Justin Sun accused First Digital Trust of unauthorized trade finance loans and insolvency.
• The legal dispute involves TrueUSD (TUSD), but the Trust states it does not affect FDUSD.
• Sun advises investors to sever ties with First Digital Trust, maintaining his stance on their insolvency.

First Digital Trust has publicly denied allegations made by Justin Sun regarding its financial health, emphasizing the solvency of its FDUSD stablecoin, which is supported by US Treasury Bills. Meanwhile, Sun continues to urge investors to distance themselves from the Trust.