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Justin Solar as soon as once more set the crypto world abuzz. As reported by CoinDesk, Solar stepped in with a essential injection of liquidity to assist TrueUSD (TUSD) amid a staggering $456 million reserve hole—averting a possible depegging disaster that would have rocked the stablecoin ecosystem.
“Godzilla was destroying the town. I’m Ultraman—I got here in and punched Godzilla to save lots of everybody,” Solar informed Hong Kong media outlet Sing Tao Day by day, in his trademark aptitude.
However behind the theatrics lies a a lot graver mission. Solar is taking up the alleged fraud by First Digital Belief (FDT) and its affiliated companions, urging Hong Kong regulators & and regulation enforcement businesses to take decisive measures to handle these loopholes. “These property are basically public customers’ cash,” he mentioned. “To guard customers and uphold Hong Kong’s credibility as a worldwide monetary hub, I needed to step in. The size of the fraud shocked me. All fraudsters have to be held accountable.”
To speed up the investigation and convey decision to the incident, Solar additionally introduced a $50 million bounty program for anybody who can present essential leads. “This isn’t nearly cash,” he added. “It’s about justice for the Web3 business.”
A Relentless Defender of Crypto
Crypto has all the time been a risky journey. Bull runs really feel like reaching for the celebrities, whereas crashes go away solely wreckage. However in these unsure instances, Justin Solar has made it his function to maintain the lights on. He’s not only a survivor—he’s a watchman. Somebody who exhibits up when others hesitate.
The Ethereum Showdown: Twice Examined, By no means Damaged
Solar’s relationship with Ethereum has been nothing wanting a saga.
Through the notorious Could 19, 2021 crash, ETH dipped under $2,000 and Solar was inches away from liquidation. He repaid $300 million simply in time to guard his 606,000 ETH place and threw in one other $280 million to purchase extra ETH and BTC at fire-sale costs.
“My property have been secure, but it surely felt like a bullet grazed my scalp. The wick was brutal,” he wrote on Weibo. It wasn’t only a commerce. It was a battle of conviction. He shielded his personal place whereas conserving the crypto dream alive.
In 2024, ETH lagged in efficiency and Solar confronted recent rumors of large losses and sell-offs. As an alternative of retreating, he proposed daring plans: Halt ETH Gross sales, closely tax Layer 2 options, streamline basis & optimize income.
Wild? Perhaps. However Solar has all the time married ambition with execution.
Reviving HTX: From Burnout to Breakout
Critics as soon as joked that Solar “received burned” shopping for into HTX (previously Huobi). When he stepped in as World Advisor in October 2022, the market was reeling from FTX’s collapse, and centralized exchanges have been beneath siege. HTX had misplaced floor—and customers.
Right this moment, HTX is flourishing. Buying and selling quantity and consumer exercise are up, euro-stablecoin buying and selling is on high three globally, and its CIS market share is dominant. It even made Forbes’ checklist of “High 25 Most Reliable Crypto Exchanges of 2025.”
The identical change that when regarded like a legal responsibility? Now a pillar of Solar’s empire.
FTX Fallout: Standing within the Storm
When FTX collapsed in November 2022, chaos swept the markets. Solar publicly pledged to assist TRON-related tokens and HT property with 1:1 redemption. He even informed Bloomberg he was ready to inject “billions” to assist FTX, topic to due diligence.
FTX finally folded, however Solar’s swift transfer purchased time for customers and preserved worth throughout the TRON and HTX ecosystems.
The Curve Disaster: DeFi Will get a Lifeline
DeFi’s fragility was uncovered once more in 2023 when Curve Finance was hacked. Founder Michael Egorov confronted potential liquidation on $100M in loans. As CRV tanked, Solar and allies stepped in, buying 72 million CRV for $28.8 million to shore up the protocol.
He didn’t cease there—Solar launched a stUSDT pool on TRON, giving the ecosystem a lift. Some say it was strategic self-interest. However in a storm, does it matter who holds the umbrella, so long as somebody does?
Controversial however Unshaken
Solar’s identify all the time invitations debate. Opportunist or idealist? Visionary or self-promoter? The reality in all probability lies someplace in between. Sure, he’s daring. Sure, he’s bold. However when others flee, he steps ahead.
From changing $HT to $HTX, to partnering with WLFI on reserve-backed property, Solar continues to guess on crypto’s long-term future. “I’m not right here to make a fast buck,” he as soon as mentioned. “I wish to construct one thing that lasts.”
Love him or not, within the darkest hours of Web3, Justin Solar has made a behavior of exhibiting up with a flashlight.
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