News linked to both this project and an event.
First Digital CEO Vincent Chok responded on Twitter to Justin Sun’s comments regarding FDUSD made earlier that day in a post concerning the WLFI lawsuit, calling them highly inaccurate. For the 16 months since the allegations were raised, Sun has never presented any evidence in court.
According to The Block, Texas man Robert Dunlap was sentenced to 23 years in federal prison for a cryptocurrency fraud scheme exceeding $20 million and ordered to pay restitution to nearly 1,000 victims. Prosecutors alleged that Dunlap operated cryptocurrency projects and sold Meta-1 Coin, falsely claiming the token was backed by $44 billion in gold and approximately $1 billion in artworks—including pieces by Pablo Picasso, Vincent van Gogh, and Salvador Dalí—and that the assets had been audited. Last year, a jury found him guilty of mail fraud.