On November 9th, TRON founder Justin Sun publicly announced on his social media that TRON DAO and Huobi will permanently exchange 1:1 for FTX TRON tokens TRX, BTT, JST, SUN and HT. The details of the announcement are as follows.

Dear TRON and HT communities:

Recently, the asset security concerns caused by the FTX platform are worrying. Brother Sun saw it in his eyes and felt pain in his heart. This incident has also extended from a platform of FTX to become a disaster for the industry, and it will even affect the industry and the outside world in the future. Perceptions of Integrity and Transparency. TRON DAO, myself, and the Huobi platform have received a large number of feedback from TRX, BTT, JST, SUN, and HT holders who want to withdraw cash on the FTX platform. Seeing the development of the situation, I and the team feel extremely heavy.

This has become a moment of truth that none of us can stay out of.

A grain of ashes of the times is like a mountain falling on the heads of ordinary people. Yes, in the currency circle, each of us is an ordinary person. If the industry is in trouble, everyone should contribute their own strength. Ordinary people can also hold together to keep warm, give each other warmth, rely on each other's meager strength, and self-help is the way out.

Here, after careful consideration, we have decided to permanently accept all TRON tokens TRX, BTT, JST, SUN, and HT on the FTX platform at a rigid 1:1 ratio.

We have launched the form, and the form link is as follows:

https://forms.gle/cuWj8pnSWY4w4gdM7

Just fill in the form and your own Huobi account, and we will use this as a basis to coordinate and reconcile with the FTX platform regarding the withdrawal of TRX, BTT, JST, SUN, and HT tokens.

In other words, no matter how the situation develops, TRON DAO and Huobi will do their best to complete the 1:1 rigid redemption of TRON tokens TRX, BTT, JST, SUN, HT on the FTX platform, including the well-known Worst case scenario that could happen. TRX, BTT, JST, SUN, and HT in the FTX platform were not before, are not now, and will not be "Happy Beans" in the future, and the situation of "Happy Beans" will never happen.

This decision is an attempt for the industry to save itself. In the spirit of being responsible for the interests of TRX, BTT, JST, SUN, and HT token holders of TRON, we will always give maximum support and assistance to the FTX platform, and we also wholeheartedly support it Binance’s due diligence and investment on FTX Exchange this time, and possible acquisitions in the future. Our starting point is always to hold together for warmth and the industry to save itself.

We will follow up the development of the situation at any time, and we reiterate that the interests of TRON token holders TRX, BTT, JST, SUN, HT will always be our highest code of conduct, and we will do our best to maintain TRON tokens The interests of the holders, no matter where in the world, no matter what force majeure happens, no matter what desperate moment, when your interests of currency holdings are in danger, never forget that there is a strong and responsible TRON ecosystem behind you, Will do everything possible to protect your team. "Community first, user first", this is the highest standard of our TRON and Huobi team culture.

The purpose of this decision is to protect the assets of TRON token holders, and the final interpretation right belongs to TRON DAO and Huobi.

TRON DAO&Huobi

November 9, 2022