Justin Sun’s $1.5 Billion Offer to Credit Suisse
Tron founder Justin Sun has resurfaced in another crisis. Sun, who came to the fore 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 posted on his Twitter account, “@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.” used the phrases.
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.
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 proposal too low and opposed it.
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