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Market News

Tron’s Justin Sun is “putting together a solution” with FTX

Justin Sun announced that Tron's TRX, BTT, JST, SUN, and HT tokens have resumed trading in the FTX exchange as of now.

Written By Vismaya V
Published 2022-11-10·Updated 2 months ago
Make The Crypto Times preferred on GoogleGoogle
Tron's Justin Sun is "putting together a solution" with FTX

Tron founder Justin Sun and his team are creating a solution with the controversial crypto exchange FTX to initiate a pathway forward in the current market situation.

Further to my announcement to stand behind all Tron token (#TRX, #BTT, #JST, #SUN, #HT) holders on #FTX, we are putting together a solution together with #FTX to initiate a pathway forward. @FTX_Official

— H.E. Justin Sun 👨‍🚀 🌞 (@justinsuntron) November 10, 2022

Justin Sun’s revelation comes after Binance called off its plans to acquire FTX due to reports regarding mishandled customer funds and alleged US agency investigations against FTX.

Tron’s TRX, BTT, JST, SUN, and HT tokens have resumed trading in the FTX exchange as of now, and the team is currently working on the withdrawal function.

#TRX trading on @FTX_Official has resumed. Working on withdrawal function. Stay tuned.

— H.E. Justin Sun 👨‍🚀 🌞 (@justinsuntron) November 10, 2022

FTX CEO Sam Bankman Fried, aka SBF, retweeted Justin Sun’s tweet but has remained silent since yesterday when he announced Binance might take over FTX.

Justin Sun tweeted, “This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all #FTX users. I greatly appreciate the collaborative work between @FTX_Official teams.” 

The crypto community is going through mayhem amid the FTX and FTT collapse waiting for explanations from the exchange about how all these events unfolded.

Also Read: Why is FTX’s FTT Token crashing down?

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:FTXJustin SunTron (TRX)
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