Cryptocurrency

Justin Sun wants to reportedly buy FTX assets

Hull Invest

Tron (TRX) founder Justin Sun has revealed to journalists in Singapore that he is interested in buying FTX assets. wall street journal report November 22.

A popular crypto founder told the Journal that his peers are currently evaluating the process of purchasing some assets in bankrupt crypto exchanges.

Sun reportedly said:

鈥淲e are open to any kind of deal. I think all options [are] on the table. We are currently evaluating the assets one by one, but as far as I understand they are already in this kind of bankruptcy proceedings, so the process will be lengthy. “

Sun added that Huobi and Tron executives are currently negotiating with FTX in the Bahamas.

The declaration makes Huobi’s global advisors the latest crypto advocates to show interest in a difficult corporate asset. His CEO of Ripple, Brad Garlinghouse, recently revealed that the crypto clearing firm is interested in buying a portion of his FTX assets.

Sun was one of the first people Sam Bankman-Fried contacted when FTX ran into liquidity problems.

Sun initially announced plans to work with the FTX team to save the exchange to enable withdrawals and trading of tokens associated with him.

Meanwhile, Sun also said that the FTX demise would be a major obstacle to the growth of the cryptocurrency industry. According to him, the collapse would leave a bad impression on mainstream views of the industry.

Posted In: Tron, FTX, People

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