On November 8, FTX announced that it would stop customer deposits and withdrawals due to insufficient liquidity. Today, according to an announcement co-issued by Huobi and TRON DAO, Huobi and TRON DAO have decided to permanently accept 1:1 for all TRON tokens (TRX, BTT, JST, SUN, HT) and will coordinate with FTX platform on the withdrawal of TRX, BTT, JST, SUN and HT tokens based on user-filled form.
That means, no matter how the situation develops, TRON DAO and Huobi will do their best to complete the acquisition of TRX, BTT, JST, SUN, HT in a 1:1 ratio on the FTX platform.
The purpose of this decision is to protect the asset security of TRON token holders and the final right of interpretation belongs to Huobi and TRON DAO.
The announcement also states that it supports Binance due diligence, investment in the FTX exchange, and the possibility of future redemptions. “Our starting point is to always report to the team to keep warm and the industry to save itself.”
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