REUTERS NEXT: Crypto entrepreneur Sun looking at FTX ventures' portfolio companies


FILE PHOTO: Chinese cryptocurrency entrepreneur Justin Sun speaks at a financial forum in Beijing, China November 4, 2015. Picture taken November 4, 2015. REUTERS/Stringer

LONDON (Reuters) - FTX's venture capital arm has assets that could be worth investing in, but since the failed crypto exchange has entered Chapter 11 bankruptcy proceedings the process could take time, cryptocurrency entrepreneur Justin Sun said on Wednesday.

"FTX Ventures still has lots of portfolio (companies) and we are going through them one by one, but right now it is already in the Chapter 11 process so it might take a longer time to finish the process," Sun told a Reuters Next conference.

Sun founded the crypto platform Tron and is member of cryptoexchange Huobi's global advisory board. He did not specify which organisation specifically was looking at the assets in the interview.

To view the Reuters conference live, please click here;

(Reporting by Elizabeth Howcroft, writing by Alun John, editing by Louise Heavens)

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Tech News

Uber to steal a march on Lyft in resurgent rideshare market
Meta settles U.S. lawsuit over infinity-logo trademark
U.S. judge rejects new bail conditions for FTX founder Bankman-Fried
Consumers to face 20,000 pound limit on digital pound, Bank of England says
U.S. prosecutors ask to postpone SEC, CFTC cases against Bankman-Fried
Ex-Coinbase manager pleads guilty in insider trading case
Central bank test lab to trial 'stablecoin' monitoring system
Exclusive-AFL-CIO wants bigger say in U.S. digital trade deals for workers
Retail investors flock to small-cap AI firms as Big Tech battles for share
STMicro leans on AI, cloud as chip designs become more complex

Others Also Read