Justin Sun claims $500M embezzlement occurred at FDT

Justin Sun, founder of Tron (TRX), pointed out on X that there are several conspirators involved in the embezzlement of $500 million at First Digital Trust (FDT), a Hong Kong cryptocurrency custodian and FDUSD issuer. He suggested that this activity has involved Aria DMCC. Sun has continued to raise suspicions that FDT is the main culprit behind TUSD liquidity issues. In response, FDT has filed a defamation lawsuit against him.