Just-In: Justin Sun Evaluating Potential Purchase of FTX Assets

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Justin Sun, a prominent supporter of cryptocurrencies, recently stated that his partners were investigating the possibility of purchasing assets from Sam Bankman-defunct Fried’s FTX enterprise.

“We are willing to negotiate any kind of a deal.” Mr. Sun told reporters in Singapore on Tuesday that he believes all of their potential choices should be considered.

Read More: Justin Sun Hinting At A Potential Partnership With FTX

He stated,

“Right now, we are examining assets one by one; but, as far as I understand, the process is going to take a long time given that they are already going through this kind of bankruptcy procedure.”

Justin Sun’s Exchange Play

Mr. Sun is responsible for the creation of the cryptocurrency network Tron and currently consults for the Huobi Global digital asset exchange. Mr. Sun stated that “right now our team is in the Bahamas” in order to hold discussions with FTX. Later, he clarified that this statement referred to representatives of both Tron and Huobi, as well as the Bahamas.

Recently, FTX decided to sell various business units and subsidiaries, so the company made the decision to hire the investment banking firm Perella Weinberg Partners.

According to Mr. Sun, the mistakes made by Mr. Bankman-Fried will affect the perception of cryptocurrency among regulators, institutional investors, and other parties. According to Mr. Sun, the failure of SBF will leave a very negative impression on mainstream American society regarding the cryptocurrency industry.

Read More: Tron Founder Justin Sun Working With FTX To Resume Withdrawals

Justin Sun Eyes FTX Assets

Before FTX filed for bankruptcy protection, Tron and Mr. Sun had been in discussions with FTX about how to protect holders of Tron tokens.

These discussions took place before FTX filed for protection from creditors. Infamously, Mr. Sun set a new record by bidding a whopping $4.6 million at a charity auction for the opportunity to have lunch with Warren Buffett.

The post Just-In: Justin Sun Evaluating Potential Purchase of FTX Assets appeared first on CoinGape.

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