Tron Founder Justin Sun is considering acquiring some companies affiliated with FTX.
Answering the questions of journalists in Singapore recently, Sun signaled that they could make a move on FTX’s assets. At the same time, he said his team was in the Bahamas for interviews. Speaking at the conference organized by Reuters, Sun strengthened his thoughts on FTX.
Justin Sun Examines FTX’s Subsidiaries
Crypto entrepreneur Justin Sun said at the Reuters Next Conference on Wednesday; He said FTX’s venture capital arm has assets that may be worth investing in. However, he said the process could take time as the failed crypto exchange FTX goes into Chapter 11 bankruptcy proceedings.
In his statement at the conference, Justin Sun gave the following about the purchase:
“FTX Ventures still has a large number of portfolios (companies) and we are reviewing them one by one, but they are currently already in Chapter 11 process, so it may take longer to complete the process”
Sun, Founder of crypto platform Tron and Member of the Global Advisory Board of crypto exchange Huobi, did not specifically specify which organization is looking at the assets in the interview.
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