With the fall of the FTX empire, the crypto market has gone into yet another downward spiral that is dangerous.

Binance pulled out of the deal to save FTX exchange at the last minute, so Justin Sun of Tron has joined the race to save the deal.

In the most recent update, Justin Sun said that he and his team were “putting together a solution” with the troubled cryptocurrency exchange “to start a path forward.”

He hasn’t said much about what he’s doing, except that his team “has been working around the clock to stop things from getting worse.” A classic move from Justin Sun, who never misses a chance to get press.

Sam Bankman-message Fried’s on FTX Slack was leaked, and Cobie, a well-known crypto figure, saw it and confirmed it, saying that the CEO was in talks with Justin Sun about a possible raise for next week. Customers will come first, then investors, and finally the people who work for the company. The chat that SBF is said to have leaked says,

“I don’t want to sound sure about what will happen, and I don’t want to say anything about the chances of success. But this will be my top priority for the next week.”

His tweet sent the price of TRX, Tron’s native token, from 6 cents to $2.5 in a short time. A number of other Tron-based assets, like BTT, SUN, and JST, also went up.

In July of this year, when it was bailout time, Sun said he would spend $5 billion to help struggling crypto companies. This is a trend that SBF started. Time will tell if the deal goes through or if Sun’s tweet was just another way for him to get people to buy his stuff.

https://altcoin.ng/justin-sun-to-save-ftx-exchange/