FTX CEO Sam Bankman-Fried Finding Ways To Recover

November 11, 2022

Sam quote retweeted, “We hope this is just step one: beginning to find ways to bring liquidity to users.”

He mentioned, “That is the core thing that I am fighting for right now, and will continue to fight for in whatever ways I can”.

FTX, in a series of tweets, made an announcement regarding the Tron Credit Facility.

They detailed about the agreement with Tron to establish a special facility.

This will allow holders of TRX, BTT, JST, SUN, and HT to swap assets from FTX 1:1 to external wallets.

According to the tweet, “The exact capacity of the Tron Token facility will be determined weekly and future injections will occur at 14:00 UTC.”

Also, they specified that amount to be deposited will depend on a number of factors such as withdrawal demand.