Harga Sun [New]SUN

Tron founder Justin Sun has escalated his battle against First Digital Trust (FDT), accusing the Hong Kong-based firm of fraud in a $456 million TrueUSD (TUSD) embezzlement scandal, following his announcement of a $50 million bounty on April 4, 2025. Sun alleges FDT misappropriated TUSD reserves by transferring funds to Aria Commodities DMCC in Dubai, a company reportedly controlled by the wife of FDT’s CEO, Vincent Chok, for unauthorized high-risk investments. Hong Kong authorities have vowed swift action if Sun’s claims are substantiated, amid growing scrutiny of the city’s role as a global financial hub. FDT has denied the allegations, labeling them a smear campaign, and insists its finances are stable while distancing its FDUSD stablecoin from the TUSD controversy. Sun’s legal push follows his personal injection of $456 million to stabilize TUSD, after FDT allegedly continued fraudulent activities, including a $15.5 million commission siphoned through a shell entity called “Glass Door.” The $50 million bounty, roughly 10% of the stolen funds, has sparked global interest among bounty hunters and law enforcement, aiming to expose the culprits behind the alleged scam. This case highlights ongoing challenges in the crypto sector, where regulatory loopholes and decentralized systems often complicate fund recovery, as noted in a 2020 Lexology report on Hong Kong’s cyber fraud trends. #TronBounty #CryptoFraud #HongKongFinance

Update on what happend today 1. China announced 34% tariffs in Usa 2.Trump said he will not change his policies. Later said Jerome Powell should cut interest rates as Us is having a good time with interest rates 🔻, inflation🔻, egg price 🔻, jobs 🔺️ within just 2 months. 3. Jerome Powell said economic impact of tariffs likely larger than expected, risk of higher unemployment and inflation elevated 4.Today Us stock market lost more than 2.85T while crypto market cap is holding at 2.64T 4.Justin Sun anniunced 50M bug bountry for helping with First Digital Tust (FDT) scam

CLS Global, a crypto market maker registered in the United Arab Emirates, has been hit with a $428,000 fine for wash trading of the FBI’s bait token NexFundAI. On April 2, a federal court in Boston sentenced CLS Global on criminal charges for manipulating trading volumes of NexFundAI token. NexFundAI is a bait token launched by FBI in March 2024 as part of a sting operation called “Operation Token Mirrors.” In October 2024, the U.S. Securities and Exchange Commission filed fraud charges against CLS Global and several other companies that had taken the bait, including ZM Quant Investment and Gotbit Consulting. MyTrade was also allegedly involved . The FBI reported that the operation led to the confiscation of $25 million in cryptocurrency, and several wash trading bots were shut down. In addition to the $428,000 fine, the court imposed a three-year probation on CLS Global, banning the company from offering services in the U.S. during this period. CLS Global had pleaded guilty to charges in January this year. According to a January report from Chainalysis , wash trading accounts for an estimated $2.57 billion in trading volumes within the crypto market. However, global efforts are underway to crack down on this practice, as well as broader market manipulation. One recent example is Galaxy Digital’s $200 million settlement last month, resolving allegations of manipulating the LUNA token following an investigation by New York regulators. Earlier, the SEC accused Justin Sun for manipulating the markets for BitTorrent ( BTT ) and Tron ( TRX ) through wash trading, giving the false impression of active trading and liquidity. However, the case has been put on hold .

First Digital Trust, the issuer of the FDUSD stablecoin, has refuted recent allegations by Justin Sun. First Digital Trust labeled the allegations as false and unrelated to its operations. In a statement on X, FDT clarified that the controversy involves TrueUSD, not FDUSD ( FDUSD ). “This dispute is with TUSD and not with $FDUSD. First Digital is completely solvent,” FDT posted. The firm emphasized that FDUSD is fully backed by U.S. Treasury bills, with reserve details transparently outlined in its attestation reports. On April 2, Justin Sun claimed that First Digital Trust was insolvent after mismanaging nearly $456 million in TrueUSD reserves. Legal filings revealed that the funds were diverted into unauthorized investments, prompting Sun to provide emergency funding to Techteryx. “This is a typical Justin Sun smear campaign to attack a competitor,” FDT stated, accusing Sun of attempting to damage its business through a coordinated social media effort rather than allowing the TUSD dispute to be resolved in court. FDT reaffirmed its solvency and the security of FDUSD reserves, adding that all funds are accounted for with verifiable ISIN numbers. The company also announced plans to take legal action to defend its rights and reputation.

📢Tron founder @justinsuntron accused First Digital Trust of not redeeming $TUSD's $501M reserve. 💰 Justin Sun also stated that the HK financial institution was bankrupt which FDT has later denied. 🇭🇰 📌The firm's stablecoin FDUSD dropped from the $1 peg and crashed to