A Crypto Billionaire Turned His Breakup Into a National Debate I China Insights

Friends, this is ridiculous. Entertainment gossip has somehow become a massive debate about 200 million Chinese men. I didn't want to discuss the Justin Sun and Jing Tian drama again, but with so much new info and your high enthusiasm, we have to do another episode. This super drama has now evolved from mere entertainment gossip into a trial of brother Sun's character, and it has even escalated into a public debate concerning marriage between Chinese men and women. On Zihu, discussions are already asking if this is the defining question for all men born in the 90s. Within five days, Hu Sijin has posted four times about Justin Sun, and as for Justin Sun, he has chosen to confront Hu Sijin head-on. Coincidentally, just a moment ago, Hu Sijin replied, and his response was truly like a needle hidden in silk, a dagger hidden behind a smile. Not only that, but less than 10 hours before this, Justin Sun also did three things. He sued the media outlets that criticized him one by one, then held up a blank sheet of paper to respond to a widely circulated rumor, and he also filed a police report because something went wrong with his exchange. So as usual today, we'll spend 20 minutes giving you a comprehensive rundown of the latest information. I've seen many friends leave comments asking to hear about the rescue efforts in Nepal and China following the flash floods in Tibet. We'll talk about that in our next episode. So for new friends, don't forget to subscribe, and for old friends, please do me a favor and hit that like button now. Let's start with the most unexpected thing that happened yesterday. On September 1st, two trending topics suddenly appeared on Weibo. Justin Sun has a meltdown, and Justin Sun files a real name complaint. Here's what happened. Over the past few days, quite a few media outlets and independent creators have written articles analyzing the big scoop about Brother Sun and Jing Tian. Many previous commentary articles about Brother Sun were also dug up, including one from the Liu Quan studio titled, His Latest Hype Failed, another from 36k called, Justin Sun, The Blockchain Patient, and one by Lo Yansu titled, How Could Justin Sun Love Jing Tian? He Wants Every Penny He Spends To Make A Sound That The Whole World Can Hear. Starting yesterday, the authors and media companies behind these articles began receiving complaint notifications from the WeChat platform. The screenshots of the complaint receipts clearly show that the complainant is a certain Mr. Sun, and the reason for the complaint is uniformly listed as infringement of reputation, business goodwill, privacy, and portrait rights. According to reports from media outlets like Beijing Youth Daily and Red Star News, the core demand in the complaint materials is for the WeChat platform to take action against articles that use qualitative terms like leak cutting, fleecing retail investors, and reinforce his negative public persona. Folks, there are two details here. First, this isn't a corporate complaint channel, nor is it an official letter from a law firm. It was initiated by him personally, under his real name, against the WeChat platform. Don't you find that a bit ridiculous? A crypto super-rich tycoon who claims to have a net worth of 8.5 billion U.S. dollars and can afford a top-tier legal team. Facing public opinion, he's actually sitting behind a phone screen, clicking report on these articles one by one. It's honestly quite pathetic. The second detail is that in that article about his failed hype attempt, the name Justin Sun doesn't appear even once throughout the entire piece. Yesterday, Liu Qin posted the receipt and replied, why did you come to file a complaint yourself? Your name wasn't even mentioned in the article. It has nothing to do with you. Hey, don't be so nervous. And that's how Justin Sun's meltdown ended up trending. Let's talk about the factual part. In legal terms, determining defamation of character involves a fundamental distinction, whether it's a statement of fact or an expression of opinion. If an article fabricates facts that don't exist, for example, claiming someone embezzled a certain amount of money when that never happened, that is a statement of fact and it can be held accountable. However, if it's an evaluative statement, for example, saying a hype campaign failed or calling it fleecing the leaks, these fall under expressions of opinion. And for a public figure, the law typically requires them to bear a higher duty of tolerance toward these kinds of opinion-based comments. What's more, the nickname Brother Sun didn't just pop up in the last couple of days. It dates back to around 2018, when the market questioned him for cashing out heavily at the peak, which left retail investors who followed him trapped. This nickname's been circulating in the crypto circle for nearly eight years. He himself has never filed a complaint over the comment about Brother Sun harvesting retail investors, so this doesn't look like he's pursuing false content. It looks more like Brother Sun is a bit triggered and wants to make the critical voices disappear as quickly as possible. But what was the result? Because of the complaints, these four articles are now being shared far more often than when they were first published. Why is Brother Sun so triggered? Besides these articles, it's also because Hu Shijin called him out by name for the first time. Before this, although Hu Shijin had published two articles, he didn't name anyone, and we all know the relationship between Hu Shijin's stance and that of the state media. Then this third essay by Justin Sun shocked the entire internet. Hu Shijin said that the vast majority of people were criticizing him for exposing his ex-girlfriend's private information on a massive scale after their breakup, which was clearly an attempt to ruin her future. On this issue, there is simply no defending Justin Sun. He also said that dealing such a vicious blow to an ex-girlfriend is hellishly malicious and tramples on the most basic moral consensus of society. If anyone tries to whitewash the malice and hypocrisy in his essay, they certainly won't gain widespread agreement. So being scolded like this, do you think Brother Sun can just sit there and take it? Although he had previously promised his big brother Cheng Pingzhao that he wouldn't say anything more and leave everything to the courts. Yet just a few hours later, Brother Sun posted an open letter to Mr. Hu Shijin, taking a jab at him. He said that when he was studying at Peking University, he used to read Hu Shijin's articles. So regarding this matter, he really wanted to ask Hu Shijin something. What was it? How to get along with women, how to start a family, and how to raise children are things that 200 million Chinese men of marriageable age have to face every time they wake up. So should a Chinese man pay a high bride price? And how much of a price should he pay for having children? Should a man satisfy every demand made by a woman before and after marriage? If they break up and the money can't be recovered, does he have the right to express his views to the public? And he chose to speak out? Is that right? Then he brought out the In 1990, the year he was born, over 23 million people were born in China. Last year, there were only 7.92 million, the lowest since the CCP came to power. Finally, he said that 200 million people are waiting for this answer, because this is the first step for them to start a family, and it also determines who will make up this country in the next 30 years. To be honest, this response really hit on an extremely common and sharp social issue in China today, the increasingly high bride price and the overwhelming dilemma young people face when it comes to marriage. Why are so many Chinese men nowadays unwilling to get married? Paying a high bride price? Taking on heavy mortgage and car loan debts? In the end, not only do expenses skyrocket, but you might also face the risk of ending up with nothing at all. If you don't get married, life is actually much more relaxed. This is one of the reasons why China's marriage rate is plummeting and the birth rate is hitting new lows. So here, I'd like to ask you all, do you agree with Sun Yat-chen's question? If you think Brother Sun makes sense, that the woman demanded an exorbitant bride price and was the one who tried to scam him first, so why should the man just accept his bad luck and help cover it up? Just because she's a female celebrity, you can't stigmatize the act of defending one's legal rights and exposing the truth. If that's what you think, type A for me. If you don't support Brother Sun and feel he's just using the pain points of the era to whitewash himself, and that even if a relationship breaks down and there are property disputes, one should absolutely go through legal channels, and that writing such a long post to expose the other party's privacy in an attempt to ruin her career is just public bullying, if that's your view, type B for me. So friends, do you think this is more of a question of the times for Chinese men, or is it moral blackmail by a shrewd capitalist? A corresponds to the former and B to the latter. Let me know in the comment section. In my opinion, it's both, and this isn't just a question of the times for Chinese men, but also a dilemma of the times for Chinese women. High bride prices and blind dates turning into business negotiations are just symptoms. They can't be directly blamed on women becoming bad or men becoming realistic. The deeper reason behind this is that the most basic trust between people and society is gone. From a woman's perspective, is finding a husband enough to last a lifetime? Today, it's sweet talk. Tomorrow, he could trample you into hell. In a marriage devoid of trust and security, grabbing hold of the other person's hard cash has become the most realistic and safest move to minimize one's own losses. Then, from a man's perspective, paying a bride price to marry a wife can almost bankrupt a family, and you never know when the person closest to you, lying right beside you, might betray you and leave. So this is an era of moral decay. Who dares to easily trust another person? It is precisely because people are on guard against each other like this, lacking trust, that everyone becomes self-serving, and no one is willing to suffer a loss. But having said that, even under such a dilemma with Chinese characteristics, and even if the woman demanded a bride price first, it shouldn't be a reason for brother's son to make private details public and subject Jing Tian to mental torture under the scrutiny of the entire internet. Isn't this just fighting evil with evil? Ultimately, it is also a product of moral corruption. Friends, if you agree with what I said, please give it a like to let me know. Two hours ago, Who's the Jin responded to him. He didn't take the bait. He didn't argue about how much the bride price should be, how much to give, or whether to give it at all. Nor did he argue about the plight of these 200 million Chinese men. He said that filing a lawsuit is fine, and posting to express dissatisfaction isn't much of a problem either. But turning a 30 million lawsuit into a collection of an ex-girlfriend's private details? Well, that's a completely different story. He also pointed out a contradiction in brother's son's behavior. He had previously promised not to speak on this matter again, but he broke that promise very quickly. It's hard to understand why he needs this traffic so desperately, yet his actions contradict his stated desire to move on from the past and maintain his self-respect. Many people suspect that brother's son isn't really defending himself, but rather trying to stay relevant. Is that really the case? That last sentence? It was a velvet glove over an iron fist. He said, when you get back to Beijing, let's have a good chat. Doesn't he know that brother's son can't return to Beijing? Friends, at this point, you can see that the nature of this drama has actually flipped three times. Initially, people just watched the spectacle. On August 27th, the internet buzzed about Jing Tian's wealthy man scam, her nail filing, and the 50 million dollar egg. Next came the crusade against brother's son. Two ex-girlfriends appeared, Cheng Pengzhao unfollowed him, and Wang Xiaochuan labeled him heartless. A former Tron executive even publicly criticized his ruthless pursuit of profit. Xu Zijin said he was an embarrassment to Chinese men. Now we've reached the third stage. Although brother's son's behavior is despised, this incident, sparked by him, has already escalated into a major public debate about marriage between men and women in China. This is a huge topic, and if we have the chance in the future, we can discuss it in detail. Just as this debate was heating up, two other things happened. And these two events are on a completely different level than just a war of words. The first thing is that on August 30th, news started circulating on social media platforms saying that Justin Sun had urgently left Hong Kong. On the 31st, the report that Justin Sun had urgently left Hong Kong hit the trending topics. This rumor was not confirmed, and it actually conflicts with known facts. Because just three days earlier, on August 28th, Justin Sun was still in Hong Kong, giving interviews to multiple media outlets, publicly stating that he had been living in Hong Kong for a long time recently, and planned to stay there long term. But you know how rumors are. They never need evidence. So this led to the following scene. On the 31st, Justin Sun posted a photo with Victoria Harbor in the background. He was holding a piece of white paper with a string of Tron blockchain block hash values written on it, accompanied by a six-character caption, Don't trust people, trust the chain. For those who aren't quite as savvy, this might be hard to understand, so let me explain what he was doing here. Technically speaking, this method of self-verification is quite clever, because the blockchain generates a new block every few seconds, and each block has a unique identification string called a hash value. This string of numbers didn't exist before that specific point in time, so no one could have forged this number in advance. So Brother Sun's logic is that if you take this hash string and look it up on the Tron scan, you'll know exactly what time that block was generated. Then you look at what time I posted this update, and that proves that during that interval, I was in Cologne. It's just like how people used to take photos holding up that day's newspaper to prove, hey, this photo was taken today, and Brother Sun just swapped the newspaper for the blockchain. Then, on that same afternoon, a second incident occurred. HTX, formerly known as Huobi, was attacked. The platform was inaccessible for a time, and some users experienced issues with logging in and withdrawing funds. Immediately after, a user claiming to be the hacker posted publicly to admit to the incident and even attached screenshots of the logs. The reason he gave was that Brother Sun's recent behavior has been too disappointing, and this was to teach him a lesson. Brother Sun subsequently responded, stating that he had reported the incident to the relevant law enforcement agencies and would pursue legal accountability. Folks, this is on a completely different level than the previous war of words. In our last episode, we discussed a logic. Exchanges, in essence, like HTX, the HTX Huobi under Brother Sun, are essentially online banks without deposit insurance. The numbers in a user's account aren't actually their money, they're money owed by the platform. And whether the platform can hold up is, to a large extent, a matter of confidence. Because a bank run doesn't need the truth, it only needs suspicion. For an exchange, the four words that must never appear are withdrawal anomaly. And right now, at such a sensitive moment, with the EU ban just having taken effect, Binance having just cut off channels, and Brother Sun himself at the center of a media storm, the fact that users are experiencing withdrawal issues, even if it's just a pure technical glitch, and even if it's resolved in just a few hours, is in itself enough to pose a huge risk for Brother Sun. We covered this aspect in detail in our last episode, so for those who aren't familiar and are interested, you're welcome to go watch it. There's another thing that happened yesterday, which is that Luo Yonghao spoke up about this matter for the first time. The catalyst that forced Brother Luo out was Brother Sun's ex-girlfriend Zheng Ying. Zheng Ying dug up some old history that no one remembers. Back in November 2019, Luo Yonghao was blacklisted as a deadbeat debtor due to the debt issues at Smartisan Technology, and was hit with a travel ban, which caused a huge stir across the internet. Right at that critical moment, Brother Sun jumped out immediately and high-profilely announced that he wanted to hire Luo Yonghao as his spokesperson, with an annual salary of 1 million, even making a bold claim that if the collaboration went well, he would personally chip in over 10 million to help Luo Yonghao pay off his debts. Back then, Luo Yonghao didn't even respond. A few years later, Sun Yuchen made another high-profile shout-out on Twitter, welcoming Luo Yonghao to come play on the platform. Not only did Lao Luo not reply, he didn't even follow him back. Zheng Ying gave this whole saga with Brother Sun a brilliant name, a seven-year-long one-way pursuit. The netizens' jokes about it also blew up. For Sun Yuchen, it was a seven-year one-way pursuit. For Luo Yonghao, it was seven years of leaving him on read. Just yesterday, Luo Yonghao, who had been tagged for seven years, finally retweeted a post. He wrote, Brother Sun, Brother Get, for all these years, every single gossipmonger without a bottom line bears some responsibility. I really miss the old days when gossipmongers still had a bottom line and a sense of right and wrong. Back then, even if people were gossiping about some tawdry rumors, they would still be discreet about it, which showed that at least there was still a sense of shame. More importantly, as early as the 28th, Luo Yonghao said something that almost no media paid attention to at the time. He said that as long as you all keep caring about him like this, he will remain invincible forever. Friends, if you line up the heavy hitters who have entered the fray over the past few days, you'll notice a very interesting phenomenon. Chengping Zhao said that aggressive marketing is fine, but it shouldn't escalate to personal attacks. He's talking about the issue of boundaries. Wang Xiaochuan said that a liar is just untrustworthy, but being heartless and unrighteous makes one a true villain. He's talking about the issue of character. Usa Jin said it's seriously immoral and a disgrace to Chinese men. He's talking about social consensus and moral issues. And Luo Yonghao is talking about the supply-side issue. His point is that it's useless for us to debate right and wrong with him within this framework, because for someone who lives off a hype, negative feedback isn't harm, it's fuel. The only thing that can truly make this whole game ineffective is one thing, nobody watching. So I'll leave this question to you, friends. We've spent so many days watching trending topics, laughing at jokes, and sharing articles. Are we really the ones watching this show? Or has this show been using us all along? Let me know what you think in the comments. All right, that's it for today. Thanks for watching, friends. If you enjoyed my show, don't forget to hit that like button before you go. If you're new here, welcome to subscribe to Druvia. Also, please click that fan promotion feature, the hype button, and share my video with your friends. Thanks for watching, everyone. Every interaction you make helps my videos reach further. Zen Pei would like to thank you in advance. Don't forget to join me again at the same time this Thursday on TrueView. Dao mai.