First Digital issued an official statement on social platforms: "Justin Sun's allegations against FDT at a media conference today are groundless. We strongly deny any claims about FDT's alleged involvement in the coordination program or misappropriation of funds. We want to emphasize that these allegations are completely unfounded and completely wrong. FDT acts as an intermediary to execute transactions as directed by Techteryx and its authorized representatives. FDT does not, and is not obliged to independently evaluate or recommend Techteryx's investments. We also have never moved or invested funds without explicitly directed by Techteryx or its authorized representatives. All reserve assets are deployed strictly in accordance with written instructions provided by Techteryx and its authorized representatives at the time. We have records of all written instructions as evidence. About Techteryx In regard to redemption funds, ARIA has expressed its anti-money laundering (AML) and KYC concerns regarding the acquisition deal between TrueCoin and Techteryx and the identity of Techteryx ultimately benefiting all. As of today, Techteryx refuses to provide the information requested by ARIA. We reiterate that FDT remains fully solvency-enough and each FDUSD is fully supported by cash and cash equivalents in a 1:1 ratio. The exact ISIN numbers of all reserve assets supporting FDUSD are clearly listed in our certification report and are available for public verification. We are dealing with redemption requests as routine. Legal advice is being sought and FDT will take legal action to protect its rights and reputation.”