As per the leaked chat, SBF also said that Binance probably never planned to go through with the deal.
Sun’s tweet did not immediately provide clarity on whether this solution would rescue the beleaguered as an entity or that he intends only to backstop the Tron-related tokens held on it. But leaked messages shed more light on what’s coming next.According to a leaked message from Sam Bankman-Fried on FTX slack that wasand verified by prominent crypto personality Cobie, the CEO admitted being in talks with Sun for a potential raise that is slated for next week.
His tweet caused Tron’s native token – TRX – to briefly rocketed 4,000%, from 6 cents to $2.5, on FTX. Several other Tron-based assets, such as – BTT, SUN, and JST, surged as well. During the bailout season in July this year, Sun said he’s willing to spend $5 billion to help ailing crypto companies, a trend that was started by SBF himself. Only time will tell if the deal actually goes through or if Sun’s tweet is yet another one of his marketing gimmicks.State and federal regulators have already been looking into the workings of FTX, but its collapse this week after facing liquidity issues has attracted fresh probes.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SBF Breaks Silence, Confirms Binance Will Acquire FTXBinance has agreed to rescue FTX amid its “significant liquidity crunch.”
Read more »
SBF tumbles off Bloomberg's billionaire index after trouble at FTXSam Bankman-Fried’s $15.6 billion fortune has tumbled 94% overnight in the “biggest one-day collapse ever among billionaires,' according to Bloomberg.
Read more »
SBF tells investors FTX needs $8B in emergency funding: WSJFTX CEO Sam Bankman-Fried (SBF) has reportedly asked investors for $8 billion in emergency funding to cover a shortfall caused by a flood of withdrawal requests.
Read more »
NEAR Protocol Integration Announced by Binance Custody: DetailsWith Binance Custody, institutional users would be able to secure their NEAR assets
Read more »
Binance Margin: Get Up to 400 BUSD Per Day By Completing ETH Margin Trades, Exclusive Rewards for New Margin Users | Binance SupportFellow Binancians, Binance Margin has launched a promotion for both new and existing Margin traders. Promotion Period: 2022-11-09 00:00 (UTC) to 2022-11-15 23:59 (UTC) Activity 1: Complete Margin...
Read more »
FTX and Binance beef bothers crypto market, bitcoin plunges below $20,000FTX and Binance look set to be the main event while traditional markets brace for economic indicators.
Read more »