- Reportedly, trading and withdrawals on FTX have resumed.
- Sun explains that he will change at a 1:1 ratio.
- Many investors have taken this offer to recover their money.
One of the most significant figures in the cryptocurrency sector, Justin Sun, the founder of Tron, has recently been in the news again. After the failed transaction between Binance and FTX, Sun took action and attracted the attention of investors.
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Even if FTX investors are now still unable to shoot, Justin Sun has made it possible to withdraw several cryptocurrencies.
The following comments were made on the subject by Justin Sun:
Tron (TRX) trading on FTX Official has resumed. Working on withdrawal function. Stay tuned.
This is only the initial step taken towards a holistic solution that is being crafted to resuscitate and return to normalcy for all FTX users. I greatly appreciate the collaborative work between the FTX_Official teams.
JST, SUN, HT trading on FTX_Official has resumed.
Further, Sun made sure that investors who are caught in FTX switch to these goods by explaining that he will change at a 1:1 ratio. This is in an effort to ensure that those who invest in the altcoins he promotes are not harmed.
Over the past 24 hours on FTX, altcoins like BTT, JST, SUN, HT, and TRX have increased by around 500%.
To recover their money, many investors purchase these alternative currencies. It is clear that there hasn’t been much of a shift in value when comparing the values of these products in different exchanges.
Retweeting is the first action Bankman-Fried has made on Twitter since disclosing the Binance deal. Sun penned:
My team has been working around the clock to avert further deterioration. I have faith that the situation is manageable following the holistic approach together with our partners. Stay tuned #TRON @FTX_Official!
Whether Sun purposefully left the tweet unclear in order to do marketing and just rescue Tron tokens, or whether he is truly interested in a bailout of the exchange, is now up for debate.
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