Justin Sun, founder of the crypto token Tron, said he was willing to provide the ailing cryptocurrency exchange FTX with billions of aid, according to a tweet from a Bloomberg News reporter on Friday.
The funding is subject to due diligence and is a “great time to show unity in the crypto industry,” the tweet said, citing Sun.
Regulators have frozen some of FTX’s assets and industry peers rushed to contain losses on Friday amid worsening solvency problems at the company and heightened scrutiny from its CEO, Sam Bankman-Fried.
Bankman-Fried has talked about raising $1 billion each from Sun, rival exchange OKX and stablecoin platform Tether, a source with direct knowledge of the matter, told Reuters Thursday.
(Except for the headline, this story has not been edited by DailyExpertNews staff and has been published from a syndicated feed.)
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