TRON Founder Justin Sun Ready to Spend $1 Billion on DCG Assets

TRON (TRX) founder Justin Sun has declared that he is willing and ready to spend $1 billion to buy assets belonging to Digital Currency Group (DCG), which is grappling with the liquidity crisis.

Crypto lending platform on the verge of bankruptcy, Justin Sun told Reuters Genesisroofing company of DCGfrom its own funds to purchase assets belonging to 1 billion dollars He said he was ready to spend. Stating that he will act according to the reaction from the DCG front, Sun said, “depending on bid evaluationsHe stated that they can come up with a plan for the future. On the other hand, Sun did not include details on exactly which assets it will make this hefty payment for.

FTX After its bankruptcy, Genesis and DCG, which fell into major financial problems, have recently been at the center of criticism on the grounds that they do not pay their customers and do not open their withdrawal transactions. After these pressures 500 million dollar asset sale the company that headed towards it, at least in terms of Genesis $3 billion debt is known to be.

The DCG front, which has not yet made a comeback in the face of Sun’s offer, said that according to the statements of people familiar with the subject, “sincerityHe may be doing research on the ” point. Sun, previously bankrupt Voyager and Celsius He put forward recovery plans in the country, but according to official sources, he did not make any concrete investments in any project.

source site-10