When it comes to the name Sun Yuchen, probably no one in the crypto circle doesn't know it. This guy's story is truly legendary, from a top student at Peking University to the founder of TRON, and then embroiled in various controversies—it's like a rollercoaster drama.

Sun Yuchen was born in 1990 in Xining. After graduating from Peking University, he further studied at the University of Pennsylvania, firmly establishing himself as a top student. In 2014, he founded TRON as the chief representative of Ripple Greater China, and with tags like "Peking University top student" and "Post-90s entrepreneur," he successfully secured investment from IDG Capital. In 2015, he also became the only post-90s student at Hupan University. At that time, Sun Yuchen was truly at the peak of his fame.

But the story started to take a turn afterward. In June 2019, Sun Yuchen spent $4.57 million to buy Warren Buffett's lunch, which caused a huge stir at the time. However, on July 23, he suddenly canceled the meeting citing kidney stones, and the TRON Foundation even said on Twitter that it was "postponed." This inconsistency immediately sparked various speculations. Ultimately, he still missed the appointment, and this directly damaged his reputation.

After missing the meeting, negative news about Sun Yuchen began to flood in. The "Pei Wo" app was exposed for suspected involvement in sex trade, and the TRON project was also reported to be involved in gambling. Allegations of illegal fundraising and money laundering came one after another. Although Sun Yuchen came out to deny these claims, saying they were user-initiated behaviors, public opinion had already largely formed a negative perception.

In March 2023, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Sun Yuchen and his three companies, accusing him of selling crypto asset securities TRX and BTT without registration, and manipulating the secondary market of TRX through wash trading to illegally profit $31 million. This was a direct legal confrontation, not just rumors.

By September last year, there was another twist. The crypto project "World Free Finance" launched by the Trump family listed its WLFI token and directly blacklisted Sun Yuchen's wallet address, freezing his tokens. He claimed to have invested at least $75 million and accused the team of unreasonable freezing. The response from World Free Finance was that they would only freeze in cases of "malicious or high-risk activities," but they never directly explained Sun Yuchen's specific situation.

From a top student entrepreneur to being entangled in various controversies, Sun Yuchen's experience indeed serves as a lesson for the crypto world. Over the years, every move of his has been under the spotlight, and each storm has sparked market discussion. Looking back at the whole story now, it feels like reading a biography filled with contradictions and twists.