In response to Cameron Winklevoss' open letter to DCG Founder Barry Silbert asking him to "collect the loan," Justin Sun, the founder of TRON and a member of Huobi Global's advisory board, made a statement.
Huobi is "extremely concerned," according to Sun, about the debt problem affecting Gemini and the Digital Currency Group (DCG). He says he's ready to do his part to assist find a solution.
The TRON founder likewise urged universal agreement to resolve all issues:
"We think that by working together, we can overcome this crisis and emerge stronger as an industry. This is a challenging time for the entire cryptocurrency business, and we stand with the crypto community as we navigate these issues together. Together, let's weather this storm and create a better future for the cryptocurrency sector."
The Gemini co-founder published an open letter on January 3 in which he claimed that DCG owes Genesis roughly $1.675 billion. Gabor Gurbacs, director of digital asset strategy at VanEck, a New York-based investment management firm, also provided his thoughts on the matter.
"In my opinion, this is the best course of action: DCG should sell equity and compensate Genesis creditors. That strategy is sincere and sane. If there is a willing vendor, my assumption is that there are eager purchasers. Most certainly, serious buyers would desire control."
In a letter made public, Cameron Winklevoss asked DCG's creator for a plan to pay back the more than $900 million owing by January 8 and stated that DCG owes Genesis almost $1.675 billion. This was refuted by DCG's founder, who asserted that his company had never defaulted on Genesis' interest.