Justin Sun, founder of Tron, has said that he is ready to invest up to $1 billion of his own funds in the acquisition of assets belonging to Digital Currency Group (DCG), Reuters has reported.
Recall that DGG's OTC platform, Genesis Trading, froze withdrawals and new loans in November last year, and then attempted to raise $1 billion in emergency funding.
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According to the Financial Times, Genesis owes more than $3 billion to creditors and is considering selling a number of portfolio investments. In particular, the company, along with its parent structure, owes around $900 million to the clients of crypto exchange Gemini, which is owned by the Winklevoss brothers.
The latter's co-founder, Cameron Winklevoss, has pressured DCG CEO Barry Silbert to return the assets and subsequently urged him to resign.