Justin Sun, the founder of the Tron blockchain, said he is ready to offer support to crypto companies in distress.
As crypto companies collapsed, cryptocurrency exchange FTX helped companies like Voyager Digital and BlockFi with loan facilities. Similarly, Binance CEO, CZ said that dozens of crypto firms are seeking the help of the exchange operator because of the “largest cash reserves in the industry.”
It seems that Justin Sun also wants to be involved in this process.
“We are actively looking into it and seeing what we can do here. We are prepared to spend $5 billion so the industry can continue to build.”
Sun said Tron had hired an investment bank for advice on potential deals, but has declined to disclose the bank’s name at this time.
“Our area of interest is platforms with a large user base. Both CeFi and DeFi platforms”
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