Tron founder Justin Sun said they are considering buying FTX’s assets.
Answering journalists’ questions in Singapore, Sun signaled that they could make a move on FTX’s assets.
Justin Sun Talks About FTX Assets
The Tron founder had this to say about FTX’s assets:
“We are open to any agreement. I think all options are on the table.
We are currently evaluating the assets one by one, but I understand that this process will take a long time as they are involved in a bankruptcy procedure.”
The name behind the Tron blockchain, he also served as a consultant for Huobi Global. Sun said their team is currently in the Bahamas for talks with FTX.
FTX recently hired investment bank Perella Weinberg Partners to spearhead the sale of its business units and subsidiaries.
Sun said that Sam Bankman-Fried’s missteps would put crypto in a bad spot in the eyes of regulators and institutional investors:
“The fall of SBF will leave a very negative impression on the American society about the crypto industry”
While Binance was considering buying the company completely when FTX went into a liquidity crisis, it later announced that it gave up on this decision.
