CoinDesk's article is quite lengthy, and I understand it to be: Sun Yuchen acquired TUSD stablecoins, minted coins, and entrusted the reserve funds to FDT management (approximately $500 million). The FDT partnership TUSD management team withdrew the money and did not redeem it for Sun. FDT argues that there are issues with Sun's KYC/AML. I'm in a lawsuit. Strangely, after the BUSD incident, Binance initially supported Sun's TUSD, but suddenly abandoned TUSD and turned to fully support FDUSD issued by FDT. I don't know the reason behind it The CoinDesk article is quite lengthy, but this FDUSD seems to have significant issues and should be checked for its reserves. Sun has been tricked quite a lot in the past two years, TUSD、 Li Lin and Huobi were stolen and artworks were resold. However, relying on the annual transaction fees of the wave field to make money is neither painful nor itchy. https://www. (coindesk.com)/markets/2025/04/02/tron-s-justin-sun-bailed-out-tusd-as-stablecoin-s-usd456m-reserves-were-stuck-in-limbo