First Digital sues Justin Sun for defamation

WuSaidBlockchainW · 2025-04-09T17:21:23+00:00

First Digital Trust filed a defamation lawsuit against Justin Sun for the allegation of "insolvency," seeking an injunction from the Hong Kong High Court to restrict his speech, as well as a public retraction of the statement and compensation for damages. Although the allegation briefly caused its stablecoin FDUSD to lose its peg, it has since recovered. The case number is HCA 680, and the date for the preliminary hearing has yet to be determined.

WuSaidBlockchainW

2025-04-09 17:21:23

Abstract generation in progress

First Digital Trust has filed a defamation lawsuit against Justin Sun in the High Court of Hong Kong regarding his accusation of being “insolvent”, seeking an injunction to restrict Sun from making similar statements, as well as demanding a retraction and damages. This accusation had previously caused the stablecoin FDUSD issued by First Digital to briefly depeg on April 3, but it has since recovered. Sun subsequently held a press conference in Hong Kong, continuing to accuse the company of fraud and calling for regulatory reform. The case number is HCA 680, and the date for the preliminary hearing has not yet been determined. (CoinDesk)

SUN0,8%

TRUST-1,16%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.