Justin Sun Is “Deeply Concerned” About The Debt Crisis Facing Gemini And DCG

Key Points:

• Justin Sun said that Huobi is deeply concerned about the debt crisis facing Gemini and Digital Currency Group.
• He believes that by working together, they can overcome this crisis and emerge stronger as an industry.
• The founder of DCG denied this and said that DCG has never defaulted on the interest of Genesis.

Justin Sun, the founder of TRON and member of Huobi Global’s advisory board, spoke out after the open letter of Cameron Winklevoss, the founder of Gemini exchange, was sent to DCG Founder Barry Silbert with a request to “collect the debt.”

Sun said that Huobi is “deeply concerned” about the debt crisis facing Gemini and Digital Currency Group (DCG). He claims to be willing to do our part power to help find a solution.

The founder of TRON also called for the consensus of all parties to solve everything:

“This is a difficult time for the entire crypto industry, and we stand with crypto community as we navigate these challenges together… We believe that by working together, we can overcome this crisis and emerge stronger as an industry. Let’s weather this storm together and build a better future for the crypto industry.“

On January 3, Gabor Gurbacs, director of digital asset strategy at VanEck, a New York investment management company, also commented on the fact that the Gemini co-founder issued an open letter claiming that DCG owes Genesis about $1.675 billion.

“In my personal view, this is the solution: DCG should sell equity and make Genesis creditors whole. That’s an honest and sensible approach. My guess is that are willing buyers if there is a willing seller. Serious buyers would likely want control.”

According to yesterday’s Coincu news article, Cameron Winklevoss publicly wrote to the founder of DCG, asking him to give a solution to repay the more than $900 million owed before January 8, and said that DCG owes Genesis about $1.675 billion. The founder of DCG denied this and said that DCG has never defaulted on the interest of Genesis.

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Harold

Coincu News