In the last round of market collapse, FTX exploded, and the one who was ultimately pushed to the forefront was CZ— not only was Binance fined $4.3 billion, but he also went in for 'four months', and some on-chain protocols were also dragged down, becoming collateral victims of that cleanup operation.
This time, although there was no systemic collapse, if regulators or certain forces need a 'typical' example, the question arises: who will be the next target to be named?
From a popularity perspective, some people can become the focus of public opinion no matter what they do, making them naturally easier targets.
From a historical style perspective: speculation, cross-chain operations, big spending, flashy marketing… while these may not necessarily break the law, they are easily used as representatives of 'industry chaos'.
From a geographical perspective: their business is related to multiple overseas exchanges and tokenized assets, and once regulators decide to act, cross-border cooperation could potentially close the net.
Considering these factors, it is not difficult to draw a conclusion: Sun indeed has the potential to become the next 'scapegoat'.
