I was just watching Tiffany Fong’s interview with someone (no idea his job’s exact name) who buys settlements, etc. Anyway, the guy in the interview explained that when FTX shut down withdrawals as the news of their insolvency was hitting the news, Justin Sun went to Twitter and other news websites relative to crypto. And told everyone that if they convert their holdings to TRX, they can withdraw.
If you go to Google and search: FTX TRX Withdrawals, you can read more info about it. In short this is how crazy it got:
Tron-based tokens sell at 1200% premium as FTX users scramble to withdraw
Here is a relevant tweet:
https://twitter.com/tier10k/status/1590762821159116800
According to the person in the video, on FTX Justin’s TRX was unoffically trading at upwards of $3 per coin from the now price of .11 cents. It was maybe .03 cents back when FTX went down. Holy crap. I was not prevy to this. The fact that Justin Sun and his inner circle rug pulled an already rug pulled people just makes me sad.
submitted by /u/SquatDeadliftBench
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