Justin Sun recently addressed concerns regarding the financial stability of FDT during a live stream on April 3rd. He revealed that FDT’s inability to honor interest obligations related to its investment with Techteryx prompted the latter to engage an independent professional team for a thorough investigation. This inquiry unveiled the troubling fact that a considerable amount of client assets had been misappropriated, raising alarms within the crypto community. In a bid to safeguard the interests of all TUSD holders, Techteryx sought intervention from Sun, who stepped in with personal financial resources to bolster liquidity. This proactive measure not only aimed to restore confidence in TUSD but also highlighted the critical need for transparency in crypto investments.
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