Du Jun, the founder of ABCDE, recently highlighted a stark reality within the crypto industry: incurring significant financial losses is not uncommon. In a candid post dated February 25th, he asserted that engaging in projects with substantial funds often necessitates navigating through losses, particularly emphasizing that a $50 million loss might simply mark the initiation of one’s journey in this volatile landscape. This perspective aligns with the historical patterns seen in notable cases like Mt. Gox, Luna, PayPal, and FTX, where the industry witnessed losses that spanned into the hundreds of millions.
Furthermore, Du Jun addressed the recent Infini hack, downplaying its severity by noting that the operational strategy, marketing, and financial foundation of the Infini team are robust. He remarked, “Experiencing minor setbacks can yield invaluable lessons, ultimately enhancing security measures.” Additionally, he expressed a willingness to inject between $5 to $10 million into the project, if necessary, reflecting his proactive approach toward fostering growth within the sector.