Tron founder Justin Sun has resurfaced in another crisis. Sun, who came to the agenda with his exits at critical moments in the crypto industry, made a $ 1.5 billion offer this time to buy the struggling Swiss bank Credit Suisse.
Sun said in a statement on his Twitter account, “UBS’s offer to Credit Suisse fell short. I would like to submit a $1.5 billion bid to acquire Credit Suisse and integrate it into the Web3 world.” used the phrases.
.@UBS‘s bid for @CreditSuisse falls short. I would like to propose my own offer of $1.5 billion to acquire Credit Suisse and integrate it into the Web3.0 world. Switzerland has been one of the most crypto-friendly countries in the world.
— HE Justin Sun 孙宇晨 (@justinsuntron) March 19, 2023
“We can pave the way for a more innovative and decentralized system”
Stating that Switzerland is one of the countries that are most welcoming to crypto in the world, Sun said, “By transforming Credit Suisse into a crypto-friendly financial institution, we can pave the way for a more innovative and decentralized financial system. This way we can create a new standard of financial innovation that benefits everyone, benefit from Switzerland’s advanced policies and position ourselves as a leader in financial innovation.” made the statement.
$1 billion bid from UBS
According to the Financial Times, UBS, which is in talks to buy Credit Suisse, has made a $1 billion offer to the bank. The offer in question is roughly $7 billion less than the bank’s market value recorded at Friday’s close. Credit Suisse reportedly found the offer too low and opposed it.
