While not yet confirmed, I wouldn't be surprised. Both myself and @fozzydiablo warned about this one for years. They claim FDUSD is backed 100% but the trust has the right to issue against non-dollar assets. That's why Sun's TUSD could be borrowed against assets like his equity in his Chinese holding company or equity in Huobi. While I don't trust FDUSD (or the operators) I think it's *more* likely that TUSD was leveraged on utter shit and now Sun is trying to blame solely the trust. They are both sketchy operators damaging the space by allowing TUSD funds to exist in the first place so really both getting wiped out would be good. The bigger take away is that most assets on Huobi/HTX and Tron are now likely unbacked due to Sun's shell game.