Those with the surname Sun are just a bunch of scoundrels

FDUSD is a stablecoin heavily supported by Binance, allowing participation in many new token offerings, which many Binance users hold. However, this announcement caused countless users to sell at a loss, and although the price later rebounded, the losses were unavoidable. Even if Binance now claims that redemption is not an issue, the compensation for retail investors remains uncertain, creating a rift between Justin Sun and Binance.
<t-72/>$BTC #fdusd
On April 3, 2025, Justin Sun, the founder of TRON, posted a statement about First Digital Trust (FDT) and its stablecoin FDUSD on social media platform X, causing a severe shock to the cryptocurrency market. In the post, Sun pointed out that FDUSD could no longer fulfill its obligations to redeem customer funds, putting clients at significant default risk, and warned users to liquidate as soon as possible to avoid losses. This sudden 'warning' directly caused the price of FDUSD to plummet, catching many users off guard and resulting in substantial losses.