Justin Sun, the creator of Tron and a stakeholder in Huobi, is pondering the acquisition of assets from FTX, a failing crypto exchange on the brink of asset liquidation. Sun took to social media on September 11 to announce that he is mulling over a proposal to buy FTX's tokens and other holdings in order to mitigate their impact on the crypto market.
This news surfaces at a time when there is growing apprehension about a possible market downturn. FTX, headed by Sam Bankman-Fried, is in the process of seeking judicial consent for a large-scale asset sale scheduled for a hearing on September 13. The troubled exchange intends to offload its $3.4 billion worth of crypto assets, including significant holdings in Solana (SOL), its own FTT token, Bitcoin, Ethereum, and Aptos. The sale is being facilitated by Galaxy Digital due to their
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First found on: Justin Sun Contemplates Acquiring FTX's Assets
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