PANews reported on April 3 that the official account of FDUSD issuer First Digital Trust (FDT) stated on social media that Justin Sun’s recent accusations against First Digital Trust are completely false. The dispute only involves TUSD and has nothing to do with FDUSD. First Digital is fully solvent.

Officials said that every dollar of FDUSD's reserves is fully backed by U.S. Treasury bonds, which are safe, reliable and fully traceable. The ISIN numbers of all reserve bonds have been clearly listed in the published certification report. This is nothing more than a typical smear campaign by Justin Sun against a business competitor. Before the TUSD dispute entered the judicial process, Justin Sun took the lead in launching a coordinated attack on social media in an attempt to attack the business competitor FDUSD. First Digital will take legal measures to protect its rights and reputation.