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⚯ Michel de Cryptadamus ⚯

, the stablecoin that drives most bitcoin and ethereum trading on the world’s largest crypto exchange (), 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”.

🍿

Chart showing FDUSD, which is supposed to stay at $1.00, was trading as low as 90 cents a few hours ago.
ALT
justinsuntron Bad actors have been threatening Web3 users, public trust, and Hong Kong’s reputation as a global financial center. In a few hours, I’ll be live on X speaking on First Digital Trust.
ALT
#FirstDigital#JustinSun#trump
Apr 03, 2025, 03:15 · · · 1 · 1
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