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Tron says open to talks with FTX on rescue plans

Published 11/10/2022, 04:31 PM
Updated 11/10/2022, 04:37 PM
© Reuters. FILE PHOTO: Chinese cryptocurrency entrepreneur Justin Sun speaks at a financial forum in Beijing, China November 4, 2015. Picture taken November 4, 2015. REUTERS/Stringer

© Reuters. FILE PHOTO: Chinese cryptocurrency entrepreneur Justin Sun speaks at a financial forum in Beijing, China November 4, 2015. Picture taken November 4, 2015. REUTERS/Stringer

(Reuters) - Justin Sun's Tron is focused on enabling the withdrawal of its tokens from FTX but is open to talks about other rescue plans for the struggling cryptocurrency exchange, a spokesperson said on Thursday.

FTX rescue talks include the possibility of a credit line, the spokesperson said. They added that a deal on Thursday to establish a special facility that would allow clients to swap some crypto assets from FTX to external wallets was a "first step."

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