Binance Co-Founder: Binance not commenting on FDUSD issue

Binance co-founder He Yi has commented on X regarding this FDUSD incident, stating that Binance does not fully understand the legal dispute behind it. On that basis, the company has decided that it would be inappropriate to make any comment on the matter. FDUSD fell after Justin Sun raised concerns about the ability of Hong Kong cryptocurrency custodian First Digital Trust (FDT) to fulfil client fund redemptions, resulting in a de-peg.