Sun Yuchen wins lawsuit against Sina: Sina publicly apologizes and deletes infringing content

In 2025, Sun Yuchen finally achieved an important victory—after years of battling with Sina over defamation, he defended the truth as the victor. This not only vindicated Sun Yuchen himself but also shattered the misunderstandings and prejudices in the industry, giving people the opportunity to remove their "colored glasses" and re-examine the infinite potential of the crypto world.

A Delayed Justice: Sun Yuchen Wins Against Sina

On December 31, 2024, the Beijing Internet Court ruled in favor of Sun Yuchen in his lawsuit against Sina Finance for infringing on his reputation. On February 26 of this year, Sina chose not to appeal, deleted the infringing content, publicly apologized, and compensated Sun Yuchen 31,338 yuan.

This was not an ordinary lawsuit, but a righteous act of a person besieged by rumors, tearing through the darkness with facts and persistence.

• *Image sourced from H.E. Justin Sun's Twitter

Since 2022, for three years, Sun Yuchen has borne countless unfounded accusations—"suspected insider trading, the IRS has launched an investigation, evading the ICO ban, fraud, money laundering, potentially facing 25 years in prison, previously cashing out $180 million"…… Much of this stemmed from the amplification by internet giants like Sina, who used the power of traffic and public opinion to shape Sun Yuchen into a "controversial figure," greatly influencing public perception of the crypto industry.

With rumors rampant and the truth obscured, Sun Yuchen did not back down or remain silent. He chose to use the law as his weapon to confront prejudice and lies head-on. Now, as Sina bows its head in apology and the compensation lands in his account, it signifies not only his personal victory but also reveals a declaration of an era: the truth will ultimately pierce through the veil of rumors, and justice may be delayed, but it is never absent!

Sun Yuchen emphatically wrote on X: "No matter how many rumors there are, how widespread they are, repeating them a thousand times cannot compare to the truth that will eventually reach people's hearts!" This shout resonates with all those who have been misunderstood and slandered. He tells us with persistence: the prejudice in people's hearts is a mountain, but resilience and facts are enough to bring this mountain crashing down.

Moving Forward Amid Misunderstanding: Sun Yuchen's Dream-Building Journey

• *Image sourced from the internet, please contact for removal if infringing

A person who has been chased by controversy has never stopped.

Looking back over the past few years, hasn't Sun Yuchen been walking against the wind? Some say he is hype-driven, others say he is speculative, but how many have seen how he has turned dreams into reality step by step amid skepticism?

• TRON: From "Air Coin" Doubts to a Glamorous Turn with 290 Million Users

Some may have first known Sun Yuchen from Forbes' "30 Under 30 Entrepreneurs in China." More likely, they truly recognized him when TRON was questioned as an "air coin" that was cutting leeks.

At that time (August 2017), TRON completed an ICO fundraising of about 400 million yuan, just as it was about to make a big move, it "disappeared" from the domestic crypto community due to the "9.4 incident" in the coin circle. Soon after, TRON was embroiled in a white paper plagiarism scandal, and even the revered Vitalik got involved.

Thus, disappearing, running away, cashing out, plagiarism, air coin…… Sun Yuchen and his TRON were swept up in the whirlpool of public opinion, presented to the public in a bizarre manner.

However, the other side of the doubts and ridicule is that TRON has been advancing rapidly, surpassing many people's expectations. The "air project" that people once spoke of is becoming "reliable" in a surprising way.

Data shows that as of the end of February, the total number of TRON accounts exceeded 290 million, daily trading volume repeatedly hit new highs, and total locked value surpassed $20.6 billion, making it one of the most active blockchain networks globally.

If Sun Yuchen was only for "hype" or "cutting leeks," why has TRON's market value steadily increased and its application ecosystem continued to expand?

• Buffett's Charity Lunch: An Unexpected Clash of Tradition and Innovation

When Sun Yuchen posted to celebrate his victory over Sina, comments included jokes like "the 90s Sun Yuchen didn't play with the 90-year-old." Even after six years, the mountain of prejudice still exists.

"If controversy is the ticket to enter the crypto civilization, I am willing to be the martyr of the industry." Just as he said when he won the lunch with Buffett, "I never expected it to be so popular. I did many extreme things when I was young just to get the world's attention; now I do some mundane things just to make the world need it."

When Buffett accepted the phone with a built-in TRON wallet, the temple of value investing had quietly cracked open a gap.

The Omaha oracle, who once judged Bitcoin as "rat poison squared," perhaps never anticipated that his holding Nubank would become the largest crypto asset custody bank in Latin America two years later. The two value systems completed their first quantum entanglement amid the clinking of steak and wine glasses.

• *Image sourced from the internet, please contact for removal if infringing

Thus, when this $4.56 million lunch entered the annals of business history, its true value had long surpassed personal honor and disgrace. It serves as a prism, reflecting the collision of the digital economy revolution with traditional value systems, the reconciliation of generational cognitive gaps, and the integration of technological idealism with the real world.

At that time, perhaps we were not criticizing Sun Yuchen, but rather the world that was being reconstructed by blockchain yet was not ready.

• From the Siege of Rumors to the Rebirth of Huobi: Sun Yuchen Doesn't Play Games

Since Sun Yuchen entered Huobi, controversy has never ceased. People have become accustomed to viewing him through colored glasses; even the most ordinary matters at other exchanges are magnified infinitely when it comes to him, leading to continuous disputes.

In March 2023, due to extreme market conditions, the platform token $HT plummeted; in November of the same year, Huobi suffered a hacker attack, losing $30 million; due to data shortages from Defillama, it fell into unwarranted FUD…… Despite Huobi's proper handling of these issues, rumors still ran rampant, such as "Brother Sun abandoned Huobi and ran away," "Huobi harvested big holders," "misappropriating user assets," and even some formed "Anti-Sun DAO" intending to attack Sun Yuchen.

In response, Huobi published proof of assets via Merkle tree for several months, showcasing its achievements and using data to demonstrate its desire for long-term stability.

In fact, as a global advisor for Huobi HTX and a core supporter of HTX DAO, Sun Yuchen has promoted several user welfare policies. For example: abandoning $HT to resolve historical issues of insider trading; supporting $HTX to be listed on more compliant exchanges to expand application scenarios; returning power to the community and starting the path of decentralized governance; the "Golden Dog Plan" and "Brother Sun's Strict Selection" to gather quality assets and create wealth effects.

Moreover, regarding the security issues that exchanges value most, Sun Yuchen has always treated it as a "top priority," with "always maintaining a sense of awe and learning at all times" being his basic requirement for himself.

He is very clear that he wants to create a "century-old store" in the crypto circle.

• Banana: Building a Bridge from the Public to the Crypto Ecosystem

If Buffett's lunch was a civilizational signal fired by digital natives to the old continent, then Sun Yuchen's "expensive banana" resonated across art, the crypto community, and the general public.

In 2019, a banana named "Comedian" was sold at Sotheby's for $120,000, sparking heated discussions on social media. Even Musk was playing with the banana meme at that time:

• *Image sourced from Elon Musk's Twitter

Today, various criticisms and doubts such as "hype, money laundering, absurdity" have also come pouring in, with people not understanding why someone would spend $6.2 million on a banana.

In Sun Yuchen's view, this banana stuck to the wall symbolizes the aesthetics of the crypto community. "This is not just a piece of art; it represents a cultural phenomenon, bridging the gap between art, memes, and the cryptocurrency community. I believe this work will provoke more thoughts and discussions in the future and will become a part of history."

Certainly, a $6.2 million banana is expensive, but it acts like a lever, prying open global attention to the crypto world. When Sun Yuchen ate this "most expensive banana," the significance was no longer what he attributed to the meme, but rather that he himself had become a meme, allowing more people to see and recognize the Web3 world he inhabits.

History proves that the popularization of any disruptive innovation must undergo a difficult journey from "demonization" to "disenchantment." Musk founded Space in 2002 and changed the history of commercial space travel, taking nearly 20 years to shed the label of "tech lunatic" from Wall Street. Therefore, the judges of success or failure are never you and I hiding behind screens, but the market and the law.

In today's irreversible wave of digitization, all we can do is let the bullets fly for a while, with an inclusive heart, giving pioneers the courage to traverse controversies. After all, on the road to the future, someone must take the lead into the unknown river.

Ambition, Controversy, and the Future: Sun Yuchen's New Battlefield

Returning to today, Sun Yuchen remains active at the forefront of the crypto industry, with every move he makes stirring market nerves.

During the Hong Kong Consensus Conference, a photo of Sun Yuchen looking exhausted circulated widely in the community. Some speculated, "I wonder who said it, Brother Sun recently broke up." Others joked, "Just look at that expression, Ethereum must have crashed." Groundless speculation spread like wildfire, reflecting market sentiment. However, insiders revealed that Brother Sun had been unwell before the conference and even wore a down jacket before his speech. Yet, to not disappoint the support and trust of users, he continued to participate in several events, consistently sharing insights.

• *Image sourced from Twitter

We seem to forget that before becoming "Sun Yuchen," he was just an ordinary person, who could get sick, feel tired, and ponder the future late at night. It’s just that later, he chose a path less traveled, and thus all emotions were magnified, all fatigue was interpreted, and even silence became material for rumors.

But he goes his own way, while the bright moon shines over the great river. Sun Yuchen has long turned to the next peak of his career.

Investing $75 million, Sun Yuchen became the largest shareholder of the Trump family's crypto project World Liberty Financial (WLFI) and was appointed as an advisor. Such a significant investment reflects his faith in decentralized finance. He wields influence at the intersection of politics and finance, showcasing the global impact of a Chinese face.

Sun Yuchen's ambition has never ceased, and those controversies may just be the fuel for his journey into the future.

From Abyss to Pinnacle: A Monologue of an Idealist

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When besieged by rumors, he still chooses to move forward with his head held high; when misunderstood, he continues to let his achievements speak. Thus, this victory is the best response to all rumors; though the road is long, it will lead to the destination. He once lamented, "Changing prejudices is harder than building an empire." However, he has always maintained his initial passion and vigor, repeatedly proving that he is inherently aligned with crypto: born with a spirit of anti-authority and decentralization.

However, more importantly, behind this victory, Sun Yuchen not only vindicated himself but also earned respect for the entire crypto industry.

Since the inception of the blockchain industry, it has been plagued by misunderstandings and controversies. Some see it as a breeding ground for speculation, while others question the reliability of its technology. Sun Yuchen's victory undoubtedly adds a measure of legitimacy to the industry. He has spent years declaring to the world: We are not barbaric speculators; we are the dream builders of our time! Sina's formal apology also serves as a reminder to the media: In the information age, any unverified smear will come at a cost.