Du Jun: A loss of 50 million USD in the crypto industry is at most considered an "entry-level trial and error cost."

Odaily Planet Daily reported that Du Jun, the founder of ABCDE, stated: "In the crypto industry, especially for projects involving funds, if you haven't experienced a loss of 50 million dollars, you probably haven't even sat at the table. 50 million dollars is certainly a lot of money, but for most projects in the crypto industry, it isn't much. Looking back at history, which leading project hasn’t stumbled over losses of hundreds of millions of dollars? From Mt.Gox to Luna, PayPal, FTX, and last week’s Bybit, the lessons of hundreds of millions or even billions are right there. In the face of such scales, 50 million dollars is at most considered an entry-level trial and error cost. So when I say 'small money', I don't mean to belittle the amount, but rather to highlight how exaggerated the thresholds and risks are in this industry."