Justin Sun, founder of TRON Foundation, has revealed he is willing to spend up to $1 billion of his own money to buy assets of embattled cryptocurrency lender Genesis’ parent firm, Digital Currency Group (DCG).

In an interview with Reuters, the Chinese crypto entrepreneur said he is willing to spend that amount to buy a portion of DCG’s assets “depending on their evaluation of the situation.” Sun did not specify which parts of DCG's VC assets he plans to acquire. 

As reported, crypto brokerage firm Genesis owes over $3 billion to creditors, forcing DCG, its parent company and a crypto conglomerate, to consider selling some assets in its large venture portfolio to raise money.

Sun is the founder of a blockchain network called TRON and an advisor to the crypto exchange Huobi. He is one of the richest figures in crypto but his net worth is unknown.