Du Jun： A loss of $50 million in the cryptocurrency industry is only an "entry-level trial and error cost"

BlockBeats News: On February 25th, ABCDE founder Du Jun stated in a post that starting a business in the cryptocurrency industry, especially for projects involving funding, may not even be on the table if they have not experienced a loss of $50 million. Although the absolute value of $50 million is significant, it is not particularly prominent in the cryptocurrency industry. Throughout industry history, every top project from Mt. Gox, Luna, PayPal to FTX and last week's Bybit has faced losses in the billions of dollars. In the face of this scale, $50 million can only be considered as an entry-level trial and error cost. Previously, Du Jun responded to the Infini theft incident by saying, 'Infini is not a big problem. I have talked to the team and they have good operational ideas, marketing, and financial strength.'. Losing a little money to buy a lesson and strengthen security capabilities is better than losing a lot of money when you get bigger. I can provide 5 to 10 million US dollars in funding if needed, but I'm worried that I won't be able to invest it