According to a tweet from a Bloomberg News reporter on Friday, Justin Sun, the creator of the cryptocurrency token Tron, declared that he was willing to lend the struggling cryptocurrency exchange FTX billions in assistance. According to the tweet, which quoted Sun, the money is subject to due diligence and is a “excellent moment to show unity in the crypto business.”
Regulators froze some assets of FTX and industry peers raced to limit losses on Friday amid worsening solvency problems at the firm and heightened scrutiny of its chief executive, Sam Bankman-Fried.
Bankman-Fried has discussed raising $1 billion each from Sun, rival exchange OKX and stablecoin platform Tether, a source who has direct knowledge of the matter told Reuters on Thursday.
