Crypto Founder: $50M Loss Just "Entry-Level"

In the volatile world of cryptocurrency, a $50 million loss is merely a "entry-level trial-and-error cost," according to Du Jun, founder of ABCDE. Speaking on BlockBeats News, Du Jun emphasized that in the crypto industry, especially in projects involving funds, a significant loss is almost inevitable. While $50 million is a substantial amount, it pales in comparison to the hundreds of millions lost by top projects like Mt. Gox, Luna, PayPal, FTX, and even last week's Bybit.

Du Jun's perspective comes amidst a series of high-profile hacks and losses in the crypto industry. In a previous comment, he dismissed the Infini hack as insignificant, stating that losing a small amount of money to learn a lesson and strengthen security capabilities is better than losing a large amount by going big. He even offered to provide $5 to $10 million in funding to the team, expressing concern only about not being able to invest.

Du Jun's views reflect the broader sentiment in the crypto industry, where losses are often seen as a rite of passage. As the industry continues to evolve and grow, it remains to be seen whether this perspective will change, or if losses will continue to be viewed as a necessary part of the process.