Justin Solar’s allegations that Hong Kong-based custodian First Digital Belief is bancrupt have landed him within the cross-hairs of a defamation declare initiated by the corporate.
First Digital’s FDUSD stablecoin briefly de-pegged on April 3 after Solar claimed the corporate was “bancrupt,” although it has since nearly recovered, based on CoinDesk markets knowledge.
The writ of summons, step one in a defamation declare, was filed late final week and requests the Hong Kong Excessive Court docket to difficulty an injunction restraining Solar from making additional statements on the matter. It additionally asks for an injunction requiring Solar to publish retractions.
It additionally asks for the Court docket to difficulty an award for damages (although it would not specify how a lot) for “illegal interference with the Plaintiff’s contractual and enterprise relationships” and “inflicting injury to the Plaintiff’s enterprise.”
Within the time since Solar made his first declare on X that First Digital was bancrupt, the Tron founder has since doubled down on the difficulty, holding a press convention late final week in Hong Kong alleging fraud and calling on the territory’s regulators to reform guidelines round trusts.
For its half, First Digital has posted examples of redemptions going by means of.
A date for an preliminary courtroom listening to has not been set. Solar has not but filed a response, however posted on X that he “welcomes any authorized course of.”
A spokesperson for Solar had no touch upon the matter.
The case quantity is HCA 680 in Hong Kong’s Excessive Court docket.