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Justin Sun once again put the world of enrollment cryptography. As Coindesk reported, the sun intervened with a critical liquidity injection to support the Trueusd (Tusd) in the middle of an amazing reserve gap of $ 456 million – has reached a potential clearing crisis that could have shaken the Stablecoin ecosystem.
“Godzilla destroyed the city. I am ultraman – I entered and I struck Godzilla to save everyone,” said Sun in Hong Kong Media Outlet Sing Tao daily, in his brand flair.
But behind theaters is a much more serious mission. Sun faces the fraud presumed by First Digital Trust (FDT) and its affiliated partners, urging Hong Kong regulators and law enforcement organizations to take decisive measures to combat these shortcomings. “These assets are essentially public user money,” he said. “To protect users and respect Hong Kong’s credibility as a global financial center, I had to intervene. The magnitude of fraud shocked me. All fraudsters must be responsible. “
To accelerate the survey and provide resolution to the incident, Sun has also announced a bonus program of $ 50 million for anyone can provide crucial avenues. “It’s not just a matter of money,” he added. “This is justice for the web industry3.”
An implacable crypto defender
Crypto has always been a volatile adventure. Bull Runs wants to reach the stars, while accidents leave only the wreck. But in these uncertain times, Justin Sun made his role to keep the lights on. He’s not just a survivor – he’s a goalkeeper. Someone who presents himself when the others hesitate.
Ethereum confrontation: tested twice, never broken
Sun’s relationship with Ethereum is nothing less than a saga.
During the infamous accident of May 19, 2021, ETH fell below $ 2,000 and the sun was a few centimeters from the liquidation. He reimbursed $ 300 million just in time to protect his position of 606,000 ETH and launched an additional $ 280 million to buy more ETH and BTC at fire prices.
“My assets were safe, but it was like a ball touched on my scalp. The wick was brutal,” he wrote on Weibo. It was not just a job. It was a battle of conviction. He protected his own position while keeping the dream of crypto alive.
In 2024, ETH delayed performance and the sun faced new rumors of massive losses and sales. Instead of retreating, he proposed daring plans: to interrupt the sales of ETH, strongly the solutions of layer 2, rationalize the foundation and optimize income.
Savage? Maybe. But Sun has always married the ambition with the execution.
Reviving htx: from professional exhaustion to rupture
Critics have already joked by saying that Sun “was burned” by buying HTX (formerly Huobi). When he intervened as a global advisor in October 2022, the market was in shock from the collapse of the FTX, and centralized exchanges were besieged. HTX had lost ground and users.
Today, HTX is booming. The volume of negotiation and user activity is up, the Euro-Stablecoin trading is in the first three in the world and its CIS market share is dominant. He even list the “most reliable cryptography exchanges in 2025 forbes.”
The same exchange that once looked like a passive? Now a pillar of the Sun Empire.
Ftx Fallout: Standing in the storm
When FTX collapsed in November 2022, chaos swept the markets. The sun is publicly committed to supporting the tokens linked to Tron and HT assets with a 1: 1. Redemption. He even told Bloomberg that he was ready to inject “billion” to help the FTX, subject to reasonable diligence.
FTX finally folded, but Swift Move from Sun bought time for users and preserved the value in Tron and HTX ecosystems.
The curve crisis: DEFI obtains a lifeline buoy
The fragility of DEFI was again exposed in 2023 when the finance of the curve was hacked. The founder Michael Egorov was faced with a possible liquidation over $ 100 million in loans. While the CRV has landed, the sun and the allies intervened, buying 72 million CRV for $ 28.8 million to consolidate the protocol.
He did not stop there – Sun launched a Pool Sutsdt on Tron, giving a boost to the ecosystem. Some say it was a strategic personal interest. But in a storm, is it important that holds the umbrella, as someone does?
Controversial but unshakeable
Sun’s name always invites the debate. Opportunistic or idealistic? Visionary or self-promoter? The truth is probably somewhere between the two. Yes, it is daring. Yes, it is ambitious. But when others flee, it advances.
From the conversion of $ HT to $ HTX, to a partnership with WLFI on the assets supported by the reserve, SUN continues to bet on the long -term future of crypto. “I’m not here to win quickly,” he said one day. “I want to build something that lasts.”
Love it or not, in the darkest hours of web3, Justin Sun has used to present itself with a flashlight.
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