Crypto Scandal: Justin Sun Accuses First Digital Trust of Insolvency— FDUSD Temporarily Depegs

TL;DR Justin Sun warned about potential financial issues at First Digital Trust, pointing to fund mismanagement and difficulties in processing redemptions. FDUSD dropped 9% following Sun’s statements, losing $130 million in market capitalization. First Digital denied the allegations and announced legal action. Binance holds $2 source: https://crypto-economy.com/crypto-scandal-justin-sun-accuses-first-digital-trust-of-insolvency-fdusd-temporarily-depegs/