With the first Digital Trust epic, the founder of Ton Justin Sun announced plans to launch a reward program. The explicit founder says the reward will seek to recover the unoccupied TUSD reserves while blame the first Digital Trust.
Justin Sun is scheduled to launch a $ 50 million reward program
According to A statement on xJustin Sun launches a reward for Trueusd (Tusd) reserves. The Justin Sun’s ambitious plan will include allocating $ 50 million of bonuses to operate a coordinated recovery process for Tusd reserves.
While the details of the Bounty program are still unclear, the TRO founder says that the informed and the violations who share relevant information that leads to money recovery will be rewarded. To ensure transparency, SUN disturbed the actual time to progress reports.
As an additional layer of protection, Sun says every part of the information will be reviewed before sharing the bonus with the informants. The SUN program will come with a value of $ 50 million after Sun intervened to stabilize Tusd with capital injection in the wake of a backup crisis.
“I officially announced that I will create a $ 50 million bonus program to illegally recover TUSD reserves by criminals such as First Digital Trust,” Sun said.
The sun indicates a finger accused in the first digital confidence
The Hong Kong -based first Digital Trust is located in the Stablecoin Story Center after allegations of lack of financial evaluation. Justin Sun launched the first shots after he claimed that FDT played an important role in the liquidity crisis facing Tusd.
Court documents indicate that approximately $ 500 million of Tusd is frozen in non -liquid investments with tusd the owner of Techteryx claiming financial mismanagement. The deposits claim that FDT issued illegal commercial loans with Justin Sun claiming to commit financial violations by the fund. Moreover, Sun claims that FDT has violated regulatory standards by claiming to manage the Techteryx Portfolio “under its own legal title.
Sun fired more shots at FDT, claiming that the company is affordable and unable to achieve money recovery. After Sun’s allegations, FDUSD from FDT lost the dollar’s connection before climbing its way back.
The first digital confidence rejects Sun’s allegations
First Digital Trust denied Justin Sun’s claims about her role in Tusd Saga. The company revealed that it is “fully solvent” and that FDUSD Stablecoin is fully supported.
According to the statement, FDT says that the issue of Tusd is still in court and that the company has not yet defended. The Hong Kong company has seized its strikes in Justin Sun for launching a campaign against it.
“This is a typical campaign of a delicious Sun to try to attack a competitor for his work,” Sun said.
The United States is heading towards Stablecoin legislation after the approval of the established law by the Financial Services Committee in the House of Representatives.
Alio Bokima
Aliyu Pokima is an encrypted journalist and a tattoo of the emerging techniques with talent to cover the stories of needing needle in space. Aliyu offers urgent news stories, organizational updates, and insightful analysis with depth and accuracy. When he does not wander in the plans or the late follow -up, Aliyu enjoys playing guitar guitar, lifting weights and ran the marathon.
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