TechFlow news, April 3 — First Digital issued an official statement firmly denying Justin Sun's allegations made during a press conference regarding his claims of coordinated involvement or misappropriation of funds. The company emphasized that as an intermediary, it only executed transactions according to the clear written instructions provided by Techteryx and its authorized representatives, and has retained all written instructions as evidence.
The statement noted that ARIA has raised anti-money laundering and KYC compliance concerns regarding the acquisition transaction between TrueCoin and Techteryx, as well as questions about the identity of Techteryx's ultimate beneficial owner, but Techteryx has so far refused to provide the relevant information.
First Digital reiterated that the FDUSD stablecoin remains fully backed 1:1 with cash and cash equivalents, maintains sufficient solvency, and continues to process redemption requests normally. The company is seeking legal advice and will take legal action to protect its rights and reputation.
