<ul><li>Justin Sun provides emergency funding to TrueUSD (TUSD) amid a $456 million reserve crisis.</li><li>First Digital Trust (FDT) denies insolvency claims and dismisses allegations as a smear campaign by Sun.</li><li>FDT's stablecoin FDUSD suffers a 12% drop, depegging amid the market turmoil.</li><li>TrueUSD faced financial challenges due to mismanagement of reserves by FDT, affecting its stability.</li><li>Justin Sun's intervention aims to stabilize TUSD's peg and maintain user trust in stablecoins.</li><li>Sun's involvement reignites scrutiny of his role in TUSD amid past ownership denials and controversies.</li><li>FDT refutes Sun's claims of insolvency, with FDUSD maintaining solvency and dollar backing.</li><li>Sun's allegations trigger a 12% price drop in FDUSD and draw attention to its ties with Binance.</li><li>Wintermute, a major trading firm, swiftly withdraws FDUSD from Binance amidst the price turmoil.</li><li>FDT plans to address the accusations in an AMA and threatens legal action against Sun for his social media attacks.</li></ul>

Justin Sun steps in amid TUSD reserve crisis as FDT denies bankruptcy claims

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