Justin Sun Claims First Digital Trust Scandal is ‘Significantly Worse Than FTX’

TRON founder Justin Sun is intensifying his accusations against First Digital Trust (FDT), the issuer of the FDUSD stablecoin, who he claims embezzled $500 million of its clients’ funds. In an April 5 post on X, Sun compared FDT to the now-defunct FTX exchange, claiming the FDT case is “ten times worse. ” FTX filed for bankruptcy in November 2022 after a bank run revealed an $8 billion shortfall in its assets. Justin Sun Compares First Digital Trust to FTX Sun argued that while FTX misused user funds, the exchange at least maintained an internal system that portrayed the activity as pledged loans source: https://beincrypto.com/justin-sun-first-digital-trust-fraud-ftx/