⚡ I have roughly summarized some of my understandings: Core issue: ——Functional conflict of FDT: First Digital Trust (FDT) is both the reserve management agency of TrueUSD (TUSD) (commissioned by Techeryx) and the issuer of FDUSD. Sun Ge @ Justinsuntron questions whether FDT may mix the reserves of two types of stablecoins for management, leading to potential misappropriation risks? ——Justin Sun's accusation: Sun's tweet pointed out that FDT's assets are not enough to cover its debts, but did not directly mention FDUSD! However, the FDT official website showed that its only product was FDUSD, causing the market to shift its focus to FDUSD and triggering a panic of unanchoring. Panic has caused many people to lose money and then say that there are problems with Binance ⚡ Key evidence and control points ——Authenticity of Reserve Report: FDT's March Reserve Report claimed that FDUSD was supported by $1.7 billion in short-term US Treasury bonds, but Justin Sun hinted that the audit may have been falsified. I suggest verifying the authenticity of the report through legal means ——Although Sun Ge's accusation did not directly point to FDUSD, due to the strong correlation between FDT and FDUSD, his consecutive tweets were interpreted by the market as FDUSD's explosive signals, misleading the market to make wrong judgments. The losses suffered by these users are real. ——It is necessary to check the FDT reserve report, audit institution qualification certificate, and fund flow records to verify whether there is misappropriation or false reporting. There are quite a few overall responsible persons for this incident, and there are also internal procedures and systems within the exchange. I think the approach taken by sisi @ sisbinance is not a problem, and maintaining stability from a community perspective is reasonable. We cannot exceed our authority by posting tweets. ——Distinguish between primary and secondary contradictions, and concentrate efforts to solve major problems!