The Tron founder stated that he is currently unsure of the amount required to save the beleaguered exchange, but estimates it to be in the billions of dollars. Justin Sun has emerged as the next possible savior of FTX, offering billions in aid.
The funding is subject to due diligence and comes at a “good time to show unity in the crypto industry,” according to a tweet by Tom Mackenzie, a Bloomberg News Reporter.
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“Basically we will take care of our customer first, and then we will start to measure [the situation], start to see what we can do here; basically we don’t wanna commit too much in the first step,” Sun said, claiming he’s taking a different approach to assist FTX than Binance.