In Brief
- FTX has reached a deal with Tron to make swap Tron tokens held on FTX to an external wallet.
- The news comes as FTX CEO Sam Bankman-Fried scrambles to shore up liquidity to make customers whole.
- Earlier today, Justin Sun confirmed the news.
Tron CEO Justin Sun has promised to help FTX’s customers holding any of Tron’s five tokens to swap assets to external wallets.
FTX International announced that it had officially reached an agreement with Tron. The agreement will allow FTX customers who hold TRX, BTT, JST, SUN, and HT to swap their tokens from their custodial wallets to external wallets 1:1, starting on Nov. 10, 2022, at 18:30 UTC.
According to FTX CEO Sam Bankman-Fried, the deal with Tron is the first step in bringing liquidity to users. This comes after the billionaire initially underestimated FTX’s ability to honor withdrawals.
This is a developing story.
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