☔️ FDUSD on TON — Rug Pull in 10 Days
In late July, First Digital Group launched the FDUSD stablecoin on $TON, integrating it with Wallet, Tonkeeper, and MyTonWallet. TONCO kicked things off with $100k in liquidity.
Blog posts, quotes from TON and FDUSD execs, media buzz, and the narrative of “a bridge to Telegram’s billion users” — it all sounded ambitious.
🗒 Reality: Within a couple of days, there were only ~15 wallets holding FDUSD. Ten days later, liquidity was pulled, FDUSD was burned, and the $USDT went back to Binance. A local rug pull worth around $7.5k.
@readflashcrypto
In late July, First Digital Group launched the FDUSD stablecoin on $TON, integrating it with Wallet, Tonkeeper, and MyTonWallet. TONCO kicked things off with $100k in liquidity.
Blog posts, quotes from TON and FDUSD execs, media buzz, and the narrative of “a bridge to Telegram’s billion users” — it all sounded ambitious.
🗒 Reality: Within a couple of days, there were only ~15 wallets holding FDUSD. Ten days later, liquidity was pulled, FDUSD was burned, and the $USDT went back to Binance. A local rug pull worth around $7.5k.
Now, only a couple hundred dollars remain on DeDust — added by a random user. No official bridge, no recovery plan. The “financial infrastructure for TON” vanished just as fast as it appeared.
@readflashcrypto