Justin Sun points to a potential relationship with FTX. FTX CEO Sam Bankman-Fried is now in deep trouble after Binance canceled the possibility of any interaction with FTX. A few hours after Binance took off, Tron founder Justin Sun announced a possible partnership with crypto exchange FTX.
The founder of Tron said that his team is working with all the holders of TRX and FTX as the crypto exchange faces serious financial problems. He added that they are working with FTX to resolve “the way forward”. In other tweets, Justin Sun also hinted at a possible relationship with FTX. He wrote: “My team has been working around the clock to avert further deterioration. I have faith that the situation is manageable following the wholistic approach together with our partners. Stay tuned”
FTX CEO considers help from Justin Sun
FTX CEO Sam Bankman-Fried retweeted the same tweet. It will be interesting to see if Justin Sun makes a move to take over FTX. With support from giants like Binance, the gap in FTX and Alameda’s balance sheet is looking bigger than expected. “Initially our hope was to be able to help fund FTX clients, but the issues are beyond our ability or ability to help,” Binance said. FTX Cooking explores all options
After Binance canceled its contract with FTX, Sam Bankman-Fried had no choice but to find other potential investors. In a letter to FTX officials seen by Reuters, SBF said:
“I’m working as fast as possible, on other systems here. I wish I could give you more insight than I can.” He added that his main goal is to protect his customers as well as his employees and businessmen. SBF added: