Wu learned that Sun Yuchen accused FDT/First Digital Trust of managing TUSD's $501 million reserve but refused to redeem it. FDT expressed concerns about AML/KYC and the true identity of the ultimate beneficiaries. Sun Yuchen claimed that FDT has actually gone bankrupt and is unable to fulfill the redemption of customer funds. FDT is also the issuer of FDUSD, the main stablecoin currently supported by Binance. As a result, FDUSD fell to as low as $0.87 at one point and is currently recovering. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=40377