In the ever-shifting landscape of blockchain and digital assets, few figures command as much attention—and controversy—as Justin Sun. More than just a crypto entrepreneur, Sun has emerged as a pivotal force during moments of crisis, stepping in when markets tremble and trust wavers. His actions in 2025 have once again placed him at the center of the Web3 narrative, not for hype or headlines, but for decisive intervention when it mattered most.
On April 2, 2025, Sun made headlines after injecting critical liquidity into TrueUSD (TUSD), averting a potential depegging crisis that threatened the stability of the broader stablecoin ecosystem. With a reported reserve shortfall of $456 million, the situation posed systemic risks. But Sun stepped in—calm, calculated, and unafraid.
“Godzilla is destroying the city. I’m Ultraman—I came in, punched Godzilla, and saved everyone,” Sun told Hong Kong’s Sing Tao Daily in his signature dramatic flair.
Behind the metaphor lies a serious mission: holding bad actors accountable. Sun has publicly accused First Digital Trust (FDT) and its affiliates of fraudulent activity, urging Hong Kong regulators and law enforcement to act swiftly. “These assets are essentially public users’ money,” he emphasized. “To protect users and uphold Hong Kong’s reputation as a global financial hub, intervention was necessary. The scale of fraud shocked me. All responsible parties must be held accountable.”
This isn’t heroism for show—it’s stewardship forged in fire.
A Relentless Defender of Crypto Stability
The crypto world is no stranger to chaos. Bull runs ignite euphoria; crashes leave behind wreckage. Amid this volatility, Justin Sun has positioned himself not merely as a survivor but as a guardian—a constant presence during times of crisis.
When confidence falters, Sun acts.
His interventions go beyond personal interest. Whether stabilizing protocols, rescuing user funds, or reinforcing exchange credibility, his moves reflect a long-term vision for Web3’s resilience. In an industry where trust is fragile, Sun consistently chooses to step into the breach.
👉 Discover how leaders like Justin Sun are shaping the future of decentralized finance today.
Ethereum Under Fire: Two Tests, Unbroken Resolve
Sun’s relationship with Ethereum reads like a high-stakes drama.
During the infamous market crash on May 19, 2021, ETH plunged below $2,000. Sun’s massive 606,000 ETH position teetered on the edge of liquidation. With seconds to spare, he repaid $300 million in loans and injected another $280 million to buy discounted ETH and BTC.
“My assets are safe—but it felt like a bullet grazed my skull. The wick was brutal,” he wrote on Weibo.
That moment wasn’t just about risk management. It was a declaration of belief in crypto’s future—even when the odds were stacked against him.
Fast forward to 2024. Ethereum lagged behind other assets, rumors swirled about Sun offloading holdings, and losses mounted. Instead of retreating, he doubled down with a bold proposal: halt ETH sales, impose heavy taxes on Layer-2 solutions to redirect value to Ethereum’s base layer, and restructure revenue models for long-term sustainability.
Controversial? Undoubtedly. But Sun pairs vision with execution—turning crisis into opportunity.
Reviving HTX: From Decline to Dominance
Critics once mocked Sun’s acquisition of HTX (formerly Huobi), suggesting he’d been “burned” by stepping into a dying exchange. When he joined as global advisor in October 2022, the aftermath of FTX’s collapse had shaken centralized platforms to their core. HTX was hemorrhaging users and relevance.
Today, the story is vastly different.
HTX has rebounded strongly:
- Trading volume has surged.
- User engagement is at multi-year highs.
- Euro-pegged stablecoin trading ranks among the top three globally.
- It dominates market share across CIS regions.
- Notably, HTX earned a spot on Forbes’ list of “25 Most Trusted Crypto Exchanges in 2025.”
What was once seen as a liability is now a cornerstone of Sun’s growing empire—a testament to strategic patience and operational overhaul.
👉 Explore how exchanges are evolving to meet the demands of modern Web3 users.
Navigating the FTX Fallout: Standing Firm in the Storm
The collapse of FTX in November 2022 sent shockwaves across the industry. Amid panic and uncertainty, Sun took an immediate stand: he pledged 1:1 redemptions for TRON-based tokens and HT assets affected by the turmoil.
He even told Bloomberg he was prepared to inject “billions” to help stabilize FTX—pending due diligence. Though the rescue never materialized due to insurmountable legal and financial hurdles, his swift response helped preserve confidence in the TRON and HTX ecosystems.
At a time when many retreated, Sun chose visibility—and responsibility.
The Curve Crisis: A Lifeline for DeFi
Decentralized Finance (DeFi) showed its fragility again in 2023 when Curve Finance faced a governance attack and looming loan liquidations. Founder Michael Egorov risked losing over $100 million as CRV prices plummeted.
Enter Sun and his allies.
They stepped in with a $28.8 million purchase of 72 million CRV tokens to stabilize the protocol. But they didn’t stop there. Sun launched a stUSDT staking pool on TRON, injecting fresh liquidity and user incentives into the ecosystem.
Critics called it self-interest disguised as altruism. Yet when storms hit, it’s often less important who holds the umbrella—and more that someone does.
Controversial? Yes. Unshaken? Absolutely.
Love him or question him—Justin Sun remains a defining figure in Web3.
Is he an opportunist or idealist? A visionary or self-promoter? The truth likely lies in between. He is undeniably bold. Unapologetically ambitious. But while others flee volatility, Sun walks toward it.
From converting $HT to $HTX to partnering with WLFI on reserve-backed asset development, he continues placing high-conviction bets on crypto’s long-term trajectory.
“I’m not here to make quick money,” Sun once said. “I want to build something lasting.”
And perhaps that’s the real legacy being written—not in whitepapers or token prices, but in moments when markets break… and one man chooses to hold them together.
Frequently Asked Questions (FAQ)
Q: Who is Justin Sun?
A: Justin Sun is a prominent blockchain entrepreneur best known as the founder of TRON and a key figure behind HTX (formerly Huobi). He has played major roles in stabilizing crypto projects during crises and advocating for Web3 innovation.
Q: What did Justin Sun do during the TUSD crisis in 2025?
A: In April 2025, Sun injected critical liquidity into TrueUSD (TUSD) amid a $456 million reserve shortfall, preventing a potential depegging event and calling for regulatory action against alleged fraud by First Digital Trust.
Q: Why did Justin Sun support Curve Finance?
A: In 2023, Sun helped stabilize Curve after a governance vulnerability threatened massive liquidations. He and allies purchased $28.8 million worth of CRV tokens and launched supporting initiatives on TRON to strengthen DeFi infrastructure.
Q: How did HTX recover under Justin Sun’s leadership?
A: After joining HTX in 2022 amid post-FTX turmoil, Sun led operational improvements that boosted trading volume, user growth, and regional dominance—culminating in HTX being named one of the most trusted exchanges in 2025 by Forbes.
Q: Is Justin Sun involved with OKX?
A: No, Justin Sun is not affiliated with OKX. However, OKX remains a leading platform for users interested in exploring innovations within the Web3 space influenced by figures like Sun.
Q: What are the core themes of Justin Sun’s impact on Web3?
A: Key themes include crisis intervention, ecosystem resilience, long-term vision over short-term gains, and active participation in shaping decentralized finance and exchange infrastructure.
Core Keywords: Justin Sun, Web3, TRON, HTX, stablecoin crisis, DeFi resilience, cryptocurrency leadership