Bitcoin Focused on FTX, First Evaluation from Justin Sun! Is There Light?

Justin Sun, founder of Tron (TRX)Cryptocurrency exchange trying to tackle liquidity woes FTX Negotiating with purchases.

Speaking to Bloomberg about the acquisition of FTX and his discussions with FTX about it, Justin Sun said his team is currently working on due diligence on the potential acquisition of FTX.

Stating that the focus of the talks with FTX is to solve the liquidity crisis of FTX and to show the existence of unity in the crypto money industry, Sun said that all the events happened. crypto- He said it was difficult for the industry.

“This process that FTX and the entire crypto industry is going through is a difficult time for everyone. However, my team is still negotiating with FTX about plans, including solving FTX’s liquidity crunch and potential acquisition.

However, since the negotiation process is still ongoing, I do not want anyone to have expectations about FTX.”

When asked if he would buy FTX outright, he said his priority is to protect the crypto industry. Tron The founder said he might consider investing his money in potential acquisitions.

“I can invest all my money to buy FTX. However, I will make a final decision after full due diligence is complete and all cases have been considered.”

Binance CEO CZRecognizing ‘s effort in acquiring FTX, Sun said, “I commend CZ for being the first to take action on FTX and for showing that courage. He tried, but it didn’t work.” said.

Saying that they are trying to see the situation of FTX clearly, Sun said, “We don’t have the exact figures right now, but I can say that the deficit is billions of dollars. Like I said, I don’t know the exact numbers. First, we consider the priority of our own users. We’ll see what we can do next.” said.

As it is known, the founder of Tron, with SBF, primarily to increase the liquidity of FTX users and to temporarily solve the current liquidity crunch. Tron reached an agreement to allow them to withdraw their tokens.