“I have great confidence in Hong Kong’s rule of law and our law-enforcement agencies,” Ng wrote. The lawmaker’s assessment marks an effort to defend the reputation of Hong Kong’s Web3 ...

FDT followed its fiduciary duties, acted in clients' best interests, complied with instructions from Sun and his nominees, which were signed off by Techteryx directors, and noted that the company is ...

FDT followed its fiduciary duties, acted in clients' best interests, complied with instructions from Sun and his nominees, which were signed off by Techteryx directors, and noted that the company ...

Sun’s attack against First Digital Trust appears linked to a recent legal filing in Hong Kong by Techteryx, the issuer of the TrueUSD stablecoin, against First Digital Trust. This filing was first ...

Sun’s attack against First Digital Trust appears linked to a recent legal filing in Hong Kong by Techteryx, the issuer of the TrueUSD stablecoin, against First Digital Trust. This filing was ...

It also alleged that Techteryx, the issuer of TrueUSD (TUSD) stablecoin, and Sun are “attempting to deflect the blame” and evade their own obligations to properly manage TUSD reserves.

“First Digital stands firm: Justin Sun’s baseless accusations won’t distract from Techteryx’s own failures— our stablecoin FDUSD remains fully backed and solvent,” wrote First Digital ...

The lawsuit that has most recently entered the public consciousness is between Techteryx and First Digital Trust. This suit contains allegations from Techteryx, the firm behind TrueUSD (TUSD), and ...