The millionaire inventor of the Tron blockchain, Justin Sun, stated late on November 9 that he is collaborating with <a href="https://www.cryptoknowmics.com/news/binance-proof-of-reserves-pledge-wins-support-after-ftx-crisis">FTX</a>, the cryptocurrency exchange afflicted by a liquidity issue, on a solution.

https://twitter.com/justinsuntron/status/1590539831276634112?s=20&amp;t=90kyBr8S8yjitcJ_mqqVYA

Justin Sun wrote in a Twitter post that further to his declaration to support all Tron token holders on FTX, the company is putting together a solution along with FTX to establish a road ahead.
<h2>SBF’s Response to Justin Sun Tweet</h2>
<a href="https://www.cryptoknowmics.com/news/sbf-no-longer-a-billionaire-after-14-6b-overnight-wipe-out">Sam Bankman-Fried</a>, the CEO of FTX, reposted the post, his first tweet following his announcement that Binance had decided to purchase the troubled exchange. Earlier today, the plan failed as <a href="https://www.cryptoknowmics.com/news/binance-proof-of-reserves-pledge-wins-support-after-ftx-crisis">Binance</a> claimed that it did not influence FTX's problems.

On November 9, Sun stated in a tweet that he would defend Tron users whose money was stranded on FTX. Separately, Huobi and Tron DAO <a href="https://www.huobi.com/support/en-us/detail/34922291561464" target="_blank" rel="nofollow noopener">announced</a> that they would permanently enable customers who seek to revive their Tron tokens (TRX, BTT, JST, SUN, HT) placed on the FTX network at a 1:1 ratio.

https://twitter.com/justinsuntron/status/1590228335464177664?s=20&amp;t=iVpJj71LVRJhTVrnDIItlA
<h2>Group Efforts to Prevent Deterioration</h2>
Justin Sun later stated in tweets today that the continuing liquidity shortage, its temporary nature, is destructive to the sector development and financiers, and he added that his team is working hard to prevent further degradation. The inventor of Tron was recently suspected of being behind the purchase of cryptocurrency exchange <a href="https://www.cryptoknowmics.com/news/huobi-global-delists-gala-holdings-after-converted-to-meme-token">Huobi</a> by About Capital Management's M&amp;A fund. However, he disputed the claims.

Justin Sun Claims To Be Collaborating With FTX on Solution

Justin Sun, stated late on November 9 that he is collaborating with FTX, the cryptocurrency exchange afflicted by a liquidity issue, on a solution.

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Justin Sun Claims To Be Collaborating With FTX on Solution

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