The FTX crisis continues to be on the agenda with the statements of many in the cryptocurrency space. Justin Sun, the founder of the TRON ecosystem, made a live broadcast about FTX. Here are Sun’s statements…
TRON inventor explains: “Don’t expect”
Justin Sun, who gave hope to the market with the explanations for the recovery of FTX, came to the agenda with his new statements. Speaking on a live broadcast, Sun explained that “it is in talks with FTX.” However, he stated that he “does not want anyone to have any expectations on this issue”. Sun explained that what needs to be done is to unite and protect the industry.
He also stated that they need time to do a full and complete research on FTX. Sun said that he did not have clear information about the deficit in FTX’s balance sheet. But, “I would say we’re talking about billions,” he said. There is no certainty that they will continue with the process, as they do not know what the net figure is. Sun used the following statements:
There are rumors of 4 billion dollars, 8 billion. First of all, I can say that we will take care of our own users. Frankly, we don’t want to jump headfirst.
Sun: CZ tried but failed
In other words, Sun underlined that it is necessary to look at its financial statement in order to establish any partnership with FTX or to close its debts by purchasing the stock market. He stated that they would not continue the process without seeing the big picture. Sun also appreciated Binance CEO Changpeng Zhao’s courage to take the first step towards the issue. cryptocoin.com As we have also reported, after reviewing the reports on Alameda’s and FTX’s assets, Zhao announced his plan to sell his FTX Token (FTT).
Zhao described this as an “early exit strategy”. That’s what set the spotlight on FTX anyway. In addition, Zhao extended a helping hand to the exchange in the event of FTX’s bankruptcy. But Binance, after its negotiations, decided that they could not save the stock market. Sun stated that other cryptocurrency exchanges are also doing well. For this reason, he stated that even if FTX goes bankrupt, the industry will continue well.
Also, Sun talked about his responsibilities to regulators. He considers it critical that crypto companies demonstrate that they are meeting their responsibilities to regulators. According to Sun, the community should “stand upright and show that they are united in the face of difficulties”. As it is known, the collapse of FTX and the volatility in cryptocurrencies attracted the attention of many officials. You can find the statements of senators in the USA on the subject in this article.
A senior resignation drew attention in FTX
Zane Tackett, head of corporate sales at FTX, sent customers a letter this week stating that his team was “totally unaware” of the firm’s potential bankruptcy. According to sources, he informed VIP clients of his resignation from the embattled crypto exchange in a message sent late November 10.
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