"Blockchain Ultraman" vs. "Finance Godzilla": Justin Sun Steps Up as Crypto's Night Watchman

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In the volatile world of cryptocurrency, few figures command as much attention—and controversy—as Justin Sun. On April 2, 2025, he once again made headlines after stepping in to stabilize TrueUSD (TUSD), averting a potential crisis triggered by a nearly $456 million shortfall in its reserves. According to CoinDesk, Sun provided critical liquidity to shore up confidence in the stablecoin, preventing a collapse that could have sent shockwaves across the digital asset ecosystem.

His response was as bold as it was theatrical. Speaking with Hong Kong’s Sing Tao Daily, Sun declared: “When Godzilla destroys the city, I am Ultraman—slamming it down with one hand. I’m here to save everyone.”

This isn’t just bravado. Behind the dramatic metaphors lies a growing pattern: Justin Sun positioning himself not just as a player in crypto, but as a guardian during times of systemic stress.

👉 Discover how one move can shift the balance of power in crypto markets.

Standing Against Fraud: A Call for Accountability

Sun didn’t stop at financial intervention—he went on the offensive. He publicly accused FDT of financial fraud and called for Hong Kong regulators and law enforcement to investigate, urging reforms in trust structures and oversight mechanisms for licensed firms.

“These are public funds,” Sun emphasized. “To protect public interest and uphold Hong Kong’s reputation as an international financial hub, I stepped in with liquidity support. I was shocked by the scale of this fraud—and felt a deep responsibility. Those who committed these acts must face legal consequences.”

This stance reflects a broader shift in Sun’s role: from entrepreneur to advocate, from builder to defender of market integrity.

Ethereum’s Faithful Defender: Two Critical Battles

Sun’s relationship with Ethereum reads like a saga of loyalty tested by fire.

Back in May 2021, during the infamous "Black Thursday" crash, Bitcoin plunged below $31,000 and Ethereum fell under $2,000. At that moment, Sun’s 606,000 ETH collateral on Liquity Protocol teetered on the edge of liquidation—just two minutes away from being wiped out.

He acted swiftly: injecting $300 million to repay debt and avoid margin calls, then doubling down with another $280 million to buy 54,000 ETH and 4,145 BTC.

“I was safe,” he wrote on Weibo, “but for a split second, I felt the bullet graze my scalp. I broke into cold sweat. I didn’t expect the price spike to be so violent.”

That day wasn’t just about saving his own position—it was about preserving confidence in decentralized finance when fear was spreading like wildfire.

Fast forward to 2024, and Sun found himself back in the spotlight as Ethereum lagged in performance. Amid rumors of losses, shorting, or even dumping his holdings, he instead proposed a bold vision: if he were to lead the Ethereum Foundation, he’d drive price growth through structural reforms.

His plan?

While some dismissed it as fantasy, others saw it as a serious blueprint rooted in long-term belief.

Reviving Huobi: From Toxic Asset to Trusted Exchange

In October 2022, Sun took on the role of global advisor at Huobi (now HTX)—a move many viewed as stepping into a burning building.

At the time, FTX had just imploded. Centralized exchanges were under scrutiny. Huobi, once a top-tier platform, was hemorrhaging users and capital amid regulatory pressures and internal instability.

Critics mocked: “Sun got burned taking over Huobi.”

But two years later, the narrative has flipped.

Under Sun’s guidance:

What looked like a poisoned chalice became a golden opportunity—a testament to Sun’s operational grit and strategic foresight.

👉 See how resilience turns crisis into opportunity in the crypto world.

Navigating the FTX Collapse: Light in the Dark

When FTX collapsed in November 2022, panic swept through the industry. After CoinDesk exposed Alameda Research’s shaky finances and allegations of customer fund misuse emerged, FTX faced $6 billion in withdrawal requests within 72 hours. Bitcoin cratered below $16,000.

Amid the chaos, Sun stepped forward.

On November 10, he announced willingness to collaborate with FTX on a rescue plan and guaranteed 1:1 redemption for TRON-based tokens (TRX, BTT, JST, SUN) and Huobi Token (HT). The next day, FTX restored trading and withdrawals for these assets.

In a Bloomberg interview, Sun revealed he was ready to commit billions in aid—pending due diligence.

Though FTX ultimately filed for bankruptcy, Sun’s intervention bought crucial time for affected users and helped prevent total contagion.

Stabilizing Curve Finance: $28.8M to Save DeFi

Sun’s influence extends beyond centralized platforms. In 2023, Curve Finance suffered a major exploit. CRV token prices nosedived, threatening Michael Egorov’s $100 million loan and risking a cascade of liquidations across DeFi.

With markets bracing for fallout, Sun joined forces with industry leaders—including Du Jun, DCFGod, and Andrew Kang—to purchase 72 million CRV at $0.40 each**, injecting **$28.8 million to stabilize Egorov’s position.

JPMorgan analysts noted: “This coordinated effort prevented systemic risk from spreading.”

Even more strategically, Sun launched a stUSDT pool on TRON, boosting Curve’s utility while increasing TRON’s Total Value Locked (TVL) during a bear market.

Skeptics accused him of self-interest—but few could deny the impact: when DeFi needed heroes, he showed up.

The Night Watchman: Controversy Meets Conviction

Justin Sun is no saint. He’s polarizing—accused of self-promotion, grandstanding, and leveraging crises to advance his own ecosystem.

Yet strip away the noise, and a consistent theme emerges: in every major crisis since 2021, Sun has acted when others hesitated.

And through it all, he’s maintained control of TRON, grown HTX into a trusted brand, and pushed forward innovations like stUSDT—all while weathering personal losses and public scrutiny.

His partnership with Trump-affiliated World Liberty Financial (WLFI), integrating TRX into their reserve assets, signals continued ambition beyond short-term gains.

“I’m not here to make quick money,” Sun once said. “I want to build something for the future.”

It sounds idealistic. Maybe even naive. But in an industry where trust evaporates overnight, someone has to light the torch.

Frequently Asked Questions (FAQ)

Q: Who is Justin Sun?
A: Justin Sun is a prominent figure in the cryptocurrency space, best known as the founder of TRON and global advisor of HTX (formerly Huobi). He’s recognized for his aggressive market interventions and vocal advocacy for blockchain innovation.

Q: What did Justin Sun do during the TUSD crisis?
A: In early 2025, Sun provided emergency liquidity to TrueUSD after a $456 million reserve gap threatened its dollar peg, helping restore stability and investor confidence.

Q: Why does Justin Sun intervene in crypto crises?
A: While some view his actions as self-serving—protecting assets tied to his ecosystems—others see them as necessary stabilizing forces that prevent wider market contagion.

Q: How did Justin Sun help during the FTX collapse?
A: He pledged financial support and ensured 1:1 redemption for TRON-based tokens on FTX, allowing users to recover value before the platform fully collapsed.

Q: Is Justin Sun trying to control Ethereum?
A: No evidence suggests control is possible or intended. However, Sun has proposed structural reforms for the Ethereum Foundation aimed at improving tokenomics and long-term value.

Q: What impact has Justin Sun had on Huobi?
A: After joining as global advisor in 2022, Sun helped reverse declining metrics—boosting trading volume, expanding international presence, and restoring trust through transparency and innovation.

👉 Explore how visionary leadership shapes the future of digital finance.

Core Keywords

In an era defined by volatility and distrust, Justin Sun stands apart—not because he avoids risk, but because he embraces it for the sake of ecosystem survival. Love him or question him, one truth remains: when the night gets darkest, he chooses to stay awake.