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#firstdigital — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #firstdigital, aggregated by home.social.

  1. #FDUSD, the stablecoin that drives most bitcoin and ethereum trading on the world’s largest crypto exchange (#Binance), appears to imploding in the aftermath of the revelations of various Hong Kong court filings about how First Digital (the company behind FDUSD) is insolvent.

    Trump’s business advisor/partner/whatever Justin Sun, who is of course connected to this disaster, just promised the world a press conference on a “Major Industry Event”.

    🍿

    #FirstDigital #JustinSun #trump #uspol #hongkong #crypto #TrumpCoin #WorldLibertyFinancial

  2. #TrueUSD, one of the many stablecoins connected to Chinese crypto scammer & Donald Trump business partner #JustinSun, received a half billion dollar bailout from... Justin Sun when it couldn't get its capital out of First Digital, another chinese #moneylaundering company that runs a stablecoin #FDUSD that is used for most trading on #Binance.

    > "In September 2024, #TrueCoin and #TrustToken (the #stablecoin's owners before #Techteryx) settled with the #SEC over allegations they falsely marketed TrueUSD as fully dollar-backed while secretly investing reserves in risky offshore funds."

    protos.com/justin-sun-bailed-o

    #corruption #uspol #asia #hongkong #crime #TrueUSD #WorldLibertyFinancial #WLFI #crime #Trump #TrumpCoin #USD1 #FirstDigital