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Justin Sun wants to reportedly buy FTX assets

23 Nov, 20222 min readOther
Justin Sun wants to reportedly buy FTX assets

Tron (TRX)founder Justin Sun revealed interest in buying FTX assets to journalists in Singapore, The Wall Street Journal reported on Nov. 22.

The popular crypto founder told the Journal that his associates were currently evaluating the process of buying some assets of the bankrupt crypto exchange.

Sun reportedly said:

“We are open to any kind of deal. I think all the options [are] on the table. Right now we are evaluating assets one by one, but as far as I understand the process is going to be long since they are already in this kind of bankruptcy procedure.”

Sun added that Huobi and Tron executives were currently in talks with FTX in the Bahamas.

With this declaration, the Huobi global advisor became the latest crypto advocate to show interest in embattled firm assets. Ripple CEO Brad Garlinghouse recently revealed that the crypto payment company was interested in purchasing parts of FTX assets.

Sun was one of the earliest people Sam Bankman-Fried contacted when FTX encountered liquidity issues.

Sun initially announced plans to save the exchange, working with the FTX team to enable withdrawals and trading for tokens related to him.

Meanwhile, Sun also said FTX’s collapse would pose a major stumbling block for the growth of the crypto industry. According to him, the collapse would leave a bad impression on mainstream views of the industry.

Oluwapelumi is a believer in the transformative power Bitcoin and the blockchain industry holds.

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