Justin Sun Offers To Acquire Struggling Credit Suisse And Turn It Into Crypto-Friendly bank

Twitter icon  •  Published 1 year ago  •  Hassan Maishera

Tron’s Justin Sun offered to acquire Credit Suisse for $1.5 billion before it was acquired by UBS in a $3.24 billion deal.

TLDR;

  • Tron’s Justin Sun has offered to buy troubled Credit Suisse and turn it into a web3-friendly bank.
  • UBS has already acquired Credit Suisse in a deal worth $3.24 billion.

Sun Offered To Buy Credit Suisse

Justin Sun, the founder of the Tron blockchain, revealed a few hours ago that he wished to acquire the embattled Credit Suisse should UBS fail to acquire the investment bank. 

According to Sun, he wanted to acquire Credit Suisse for $1.5 billion and turn it into a "crypto-friendly" bank. He wrote;

"I would like to propose my own offer of $1.5 billion to acquire Credit Suisse and integrate it into the Web3.0 world. We can leverage the country's progressive policies and position ourselves as a leader in financial innovation."

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.