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Justin Sun says he's ready to spend $5 billion on acquisitions as crypto firms struggle
Justin Sun, the creator of the Tron blockchain ecosystem, said he's ready to join FTX's Sam Bankman-Fried and Binance's Changpeng Zhao in offering support to ailing crypto firms — and could spend up to $5 billion on acquisitions. "Lots of" companies have reached out to Sun and Tron for help, Sun told The Block when contacted after a tweet earlier today that he was "ready to serve." As crypto markets sag, FTX has helped companies such as Voyager Digital and BlockFi with credit facilities — winning Bankman-Fried comparisons with John Pierpont Morgan's efforts to prop up financial firms in the early 20th century. ... (full story)