Tron founder Justin Sun is considering spending as much as $1 billion on the assets of crypto conglomerate Digital Currency Group, owner of struggling crypto lender Genesis.
Sun did not specify which assets he was considering.sayIn an interview with Reuters he was willing to pay as much as $1 billion. “Based on an assessment of the situation.”
On Thursday, the Financial Times reportedthat DCG is looking to divest some of its operations. to pay off over $3 billion in debt It cited the problems caused by the collapse of FTX and Three Arrows Capital.
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