Burned
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🚨🔁 FDUSD Redemption Completed Amid FUD
First Digital addresses FUD by completing the first batch of redemption requests.
🔹On-Chain Proof: Burn transactions are verifiable.
🔹1:1 Full Backing: $FDUSD remains fully backed.
🔹#Burned Tokens: 87 million FDUSD burned in the last 24 hours (via PeckShield).
🔹Redemption Channel: Operating smoothly.
-First Digital on X
First Digital addresses FUD by completing the first batch of redemption requests.
🔹On-Chain Proof: Burn transactions are verifiable.
🔹1:1 Full Backing: $FDUSD remains fully backed.
🔹#Burned Tokens: 87 million FDUSD burned in the last 24 hours (via PeckShield).
🔹Redemption Channel: Operating smoothly.
-First Digital on X
🚨 JUSTIN SUN ACCUSES FDT OF RESERVE MISMANAGEMENT
🔹Allegations: Justin Sun claims FDT/First Digital Trust is managing TUSD’s $501M reserve but refuses redemption.
🔹Bankruptcy Claim: Sun alleges FDT is bankrupt and unable to redeem customer funds.
🔹FDT's Defense: Claims redemption issues are due to AML/KYC concerns and verifying the ultimate beneficial owner.
🔹#Binance Rsponce: Co-founder He Yi assures that FDUSD can still be redeemed 1:1.
-justinsun$FDUSD
🔹Allegations: Justin Sun claims FDT/First Digital Trust is managing TUSD’s $501M reserve but refuses redemption.
🔹Bankruptcy Claim: Sun alleges FDT is bankrupt and unable to redeem customer funds.
🔹FDT's Defense: Claims redemption issues are due to AML/KYC concerns and verifying the ultimate beneficial owner.
🔹#Binance Rsponce: Co-founder He Yi assures that FDUSD can still be redeemed 1:1.
-justinsun$FDUSD
Approximately 9 hours ago, a significant amount of 300 million #usdc tokens, equivalent to $299,713,500 USD, were #burned on the #solana blockchain.
The transaction hash associated with this event is👇
2BQKpXL72V2ABY6qdU3MkkRPeY46we3L8gMi6N443jX3F55J72QEu4J17NaJjr7kSBjU4FXYQH4yc35ocdqwZyKq.
$USDC $SOL
The transaction hash associated with this event is👇
2BQKpXL72V2ABY6qdU3MkkRPeY46we3L8gMi6N443jX3F55J72QEu4J17NaJjr7kSBjU4FXYQH4yc35ocdqwZyKq.
$USDC $SOL
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