The Ultraman of Crypto vs. Financial Godzilla: Justin Sun, the Watchman of Web3

Justin Sun once again set the crypto world abuzz. As reported by CoinDesk, Sun stepped in with a critical injection of liquidity to support TrueUSD (TUSD) amid a staggering $456 million reserve gap—averting a potential depegging crisis that could have rocked the stablecoin ecosystem.

“Godzilla was destroying the city. I’m Ultraman—I came in and punched Godzilla to save everyone,” Sun told Hong Kong media outlet Sing Tao Daily, in his trademark flair.

But behind the theatrics lies a much graver mission. Sun is taking on the alleged fraud by First Digital Trust (FDT) and its affiliated partners, urging Hong Kong regulators & and law enforcement agencies to take decisive measures to address these loopholes.  “These assets are essentially public users’ money,” he said. “To protect users and uphold Hong Kong’s credibility as a global financial hub, I had to step in. The scale of the fraud shocked me. All fraudsters must be held accountable.”

To accelerate the investigation and bring resolution to the incident, Sun also announced a $50 million bounty program for anyone who can provide crucial leads. “This isn’t just about money,” he added. “It’s about justice for the Web3 industry.”

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