FTX gets rescued by Justin Sun and OKX in billion dollar deal
Sam Bankman-Fried is facing a major crisis surrounding his own exchange FTX as a major liquidity crunch unraveled over the last week. Initially, Binance stepped in to acquire the assets of FTX.com, however, after due corporate diligence they decided to back out citing reasons of “mishandling of customer’s funds and US agency investigations”. Now reports have emerged that SBF has approached Tron’s Justin Sun to help him bail out of the current crisis. In a desperate attempt to save the FTX exchange facing a liquidity crisis, Sam Bankman-Fried is looking to raise a staggering $9.4 billion. As per the sources familiar with the matter. SBF is looking to raise $1 billion each from Tron’s founder Justin Sun, rival OKX, and stablecoin issuer Tether.
Source
https://t.me/Terra_Luna_Tron
