Justin Sun: FDUSD Issuer Has Declared Bankruptcy and Is Unable to Fulfill Redemption Obligations

BlockBeats News, April 2nd, Justin Sun posted on social media stating that FDUSD issuer First Digital Trust (FDT) has actually filed for bankruptcy and is unable to fulfill customer fund redemption obligations. Users are strongly advised to take immediate action to protect their assets. There are significant loopholes in Hong Kong's trust licensing process and internal risk management of the financial system. Regulatory agencies and law enforcement have been urged to swiftly address these issues to prevent further significant losses. Hong Kong's reputation as a global financial center is at stake, and similar financial fraud incidents must not be allowed to happen again.