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

1 min read Original Link

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.

(by Pratik Bhuyan)

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