The struggling exchange has now filed for bankruptcy.
Justin Sun has hinted that he would put some of his money into the possible purchase.
In an interview with Bloomberg on Friday, Justin Sun, Tron’s founder, said his team is doing due diligence on a possible purchase of FTX. The primary reasons for the move include ending the FTX liquidity issue and demonstrating industry solidarity.
To alleviate the present liquidity crisis, Justin Sun and Sam Bankman-Fried (SBF) have agreed to let FTX users withdraw Tron tokens first.
More Than $9 Billion Hole
The CEO of Tron, Justin Sun, is continuing talks with FTX regarding future plans, such as easing the cryptocurrency’s liquidity crisis or perhaps acquiring the company. The procedure is still in the works, so Justin Sun said he doesn’t want to raise anyone’s hopes.
After CEO SBF’s announcement to shut down Alameda Research, FTX investors and consumers are eager to learn the company’s future plans. The head of FTX was trying to dru
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