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The millionaire inventor of the Tron blockchain, Justin Sun, stated late on November 9 that he is collaborating with FTX, the cryptocurrency exchange afflicted by a liquidity issue, on a solution. https://twitter.com/justinsuntron/status/1590539831276634112?s=20&t=90kyBr8S8yjitcJ_mqqVYA Justin Sun wrote in a Twitter post that further to his declaration to support all Tron token holders on FTX, the company is putting together a solution along with FTX to establish a road ahead.
SBF’s Response to Justin Sun Tweet
Sam Bankman-Fried, the CEO of FTX, reposted the post, his first tweet following his announcement that Binance had decided to purchase the troubled exchange. Earlier today, the plan failed as Binance claimed that it did not influence FTX's problems. On November 9, Sun stated in a tweet that he would defend Tron users whose money was stranded on FTX. Separately, Huobi and Tron DAO announced that they would permanently enable customers who seek to revive their Tron tokens (TRX, BTT, JST, SUN, HT) placed on the FTX network at a 1:1 ratio. https://twitter.com/justinsuntron/status/1590228335464177664?s=20&t=iVpJj71LVRJhTVrnDIItlA
Group Efforts to Prevent Deterioration
Justin Sun later stated in tweets today that the continuing liquidity shortage, its temporary nature, is destructive to the sector development and financiers, and he added that his team is working hard to prevent further degradation. The inventor of Tron was recently suspected of being behind the purchase of cryptocurrency exchange Huobi by About Capital Management's M&A fund. However, he disputed the claims.