First Digital plans to take legal action in response to allegations against Justin Sun, which have led to a significant drop in the price of FDUSD. The decision follows an increase in scrutiny surrounding Sun, a prominent figure in the cryptocurrency space. As the allegations unfold, the market has reacted negatively, causing fluctuations in FDUSD's value. Industry experts suggest that legal battles could have further implications for both First Digital and Justin Sun, potentially impacting investor confidence in the digital currency market.
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