Justin Sun, creator of Tron’s blockchain ecosystem, said he is ready to follow FTX’s Sam Bankman-Fried and Binance’s Changpeng Zhao in supporting the troubled crypto firm. And can spend up to $5 billion in acquisitions.
“Many” companies have contacted Sun and Tron for help, according to Sun, told The Block when contacted afterTweetthe day before that he “Ready to help”
We are friends with everyone and are always ready to serve. https://t.co/WBXwG5GDqL
— HE Justin Sun
(@justinsuntron) July 8, 2022
Previously, FTX has helped companies such as Voyager Digital and BlockFi by issuing credit Likewise, Binance CEO CZsayIt recently said that dozens of crypto companies are looking for their help as it “has the largest cash reserves in the industry.”
When asked how many companies have contacted him or Tron compared toBinance’s Claimed Numbers of 50 to 100 At that place, SUN said the numbers were similar.
“We are investigating and seeing what we can do,” Justin Sun said. “We are ready to spend $5 billion to help.”
Sun said Tron was hiring an investment bank. to provide advice on potential deals
When asked the $5 billion figure Whether it’s his personal money or Tron’s, Sun says the two are a mix. He added that both he and Tron were targeting healthy businesses and struggling companies. and will go through a due diligence and analysis process before entering into any agreement.
“Our focus is on platforms with a large user base,” Sun said. [การเงินแบบรวมศูนย์] and DeFi [การเงินแบบกระจายอำนาจ]”
As for the current market downturn, Sun said he thinks we’ve been through the worst.
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