Justin Sun孙宇晨
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My decision to save TUSD didn’t come easy.
By extending the loan, I am personally absorbing the risk for $500m. But token holders who would otherwise suffer heavy losses have dodged a bullet, and safeguarding the industry from the collateral damage from FDT’s rug pull is the right thing to do.
I am optimistic that justice will be served in due course and look forward to working alongside Johnny Ng, member of Hong Kong Legislative Council, to advocate for more robust trust regulation and better web3 development alike.
https://x.com/CoinDesk/status/1907737447825322199
By extending the loan, I am personally absorbing the risk for $500m. But token holders who would otherwise suffer heavy losses have dodged a bullet, and safeguarding the industry from the collateral damage from FDT’s rug pull is the right thing to do.
I am optimistic that justice will be served in due course and look forward to working alongside Johnny Ng, member of Hong Kong Legislative Council, to advocate for more robust trust regulation and better web3 development alike.
https://x.com/CoinDesk/status/1907737447825322199
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