BlockBeats News, April 3rd, First Digital released an official statement on social media platform: "Today, Justin Sun's accusations against FDT at the press conference are baseless. We categorically deny any allegations of FDT being involved in a coordination scheme or fund misappropriation. We want to emphasize that these accusations are completely unfounded and factually incorrect.

FDT merely acts as an intermediary, executing transactions in accordance with Techteryx and its authorized representative's instructions. FDT has not, nor is it obligated to independently assess or advise on Techteryx's investments. We have never moved or invested funds without explicit written instructions from Techteryx or its authorized representative. All reserve assets are strictly deployed based on written instructions provided by Techteryx and its authorized representative at the time. We have records of all written instructions as evidence.

Regarding Techteryx's request to redeem funds, ARIA has raised concerns about anti-money laundering (AML) and Know Your Customer (KYC) regarding the acquisition transaction between TrueCoin and Techteryx and the ultimate beneficiary of Techteryx. As of today, Techteryx has refused to provide the information requested by ARIA.

We reiterate that FDT remains fully solvent, with more than enough ability to meet its obligations, and each FDUSD is fully backed by cash and cash equivalents on a 1:1 basis. The exact ISIN numbers of all reserve assets supporting FDUSD are clearly listed in our audit report and are available for public verification. We are processing redemption requests as usual. Seeking legal advice, FDT will take legal action to protect its rights and reputation."