Tron blockchain founder Justin Sun is as empathetic about the current crypto firms that are distressed as he is willing to bail many out.
Sun confirmed the $5 billion funds it is willing to spend on to The Block after he tweeted that he is “friends with everyone and are always ready to serve,” a response to a Twitter user who said firms are forgetting Sun as a deep pocket crypto founder at par with the likes of Changpeng Zhao of Binance and Sam Bankman-Fried of FTX Exchange.
According to Sun, quite a number of troubled crypto startups have approached his establishment for help, adding that Tron has tapped the services of an Investment Bank to help in advising the startups to fund. He refused to name the bank it is working with due to the Non-Disclosure Agreement between both parties but said its core interests lie in projects that have a large user base.
"Our interest is platforms with a large user base," Sun said. "Both CeFi [centralized finance] and DeFi [decentralized finance]...
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