According to Reuters, Chinese crypto entrepreneur Justin Sun is willing to spend $1 billion of his own money to purchase assets from Digital Currency Group (DCG), the parent company of embattled crypto lender Genesis. Genesis froze customer withdrawals in November, stating that it was attempting to avoid bankruptcy. According to a person familiar with the situation, it owes its creditors more than $3 billion. Sun told Reuters in an interview he would be willing to spend up to $1 billion to buy some of DCG’s assets, “depending on their evaluation of the situation”. Sun did not specify which assets he was thinking about purchasing. DCG, Genesis’ parent company, also owns several high-profile crypto firms, including crypto asset manager Grayscale.