Tron says open to talks with FTX on rescue plans

(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.”

(Reporting by Elizabeth Howcroft)