First Digital denies allegations of misappropriation of funds, says it acted only on instructions from Techteryx

According to Foresight News, First Digital has issued another statement denying Justin Sun’s allegations and denying any suggestion that FDT was involved in coordinating the program or misappropriating funds. FDT is merely an intermediary that trades at the direction of Techteryx and its authorized representatives,” it said. ”FDT does not have, nor is it obligated to independently evaluate or advise Techteryx on its investments, and has never transferred or invested funds without the express written direction of 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 material time. We have documented proof of all written instructions.”