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I'm gonna bet it's real. Mainly because upon closer inspection, the suit appears to be a heavy kitbash/retool of some stuff we've seen already, like the True Brave suit we got last year for Ex-Aid.

As pointed out already, the helmet is a red Hazard form helmet with a black Cross Z crest and eyes. Also, the chest armor is the Evol's with a black version of Cross Z Charge's dragon symbol glued on top. The shoulders are new, but I feel like I've seen the armguards somewhere before...