Du Jun: I haven’t escaped SilverGate, SVB and USDC, and the stock and deposit losses of the elderly in several industries around me exceed US $1 billion

According to reports, Du Jun, a senior investor in the encryption field, said in a message on social media, “eluded LUNA, evaded 3AC, even evaded FTX, still eluded SilverGate, nor evaded SVB, let alone USDC. I asked several old people in the industry around me, and the loss of stock+deposit exceeded 1 Billion USD. Well, I am no exception. I am sad and began to live frugally.”

Interpretation of this information:

The message shared by Du Jun on social media brings attention to the current state of the encryption field. The keywords “eluded” and “evaded” suggest that despite efforts to avoid losses, several important players in the industry seem to be facing financial difficulties. The mentioned exchanges, LUNA, 3AC, FTX, SilverGate, SVB, and USDC are all significant players in the blockchain space. Du Jun’s message implies that even those who were able to evade some exchanges were not able to escape the severity of the impact on their finances.

The mention of the loss of stock and deposit exceeding 1 Billion USD conveys the magnitude of the situation. It is unclear what specifically caused these losses, but it is likely that the current cryptocurrency market conditions played a significant role. The mention of “old people in the industry” suggests that these are individuals with significant experience and knowledge in the field, which further emphasizes the severity of the situation.

The final sentence of the message, “I am sad and began to live frugally,” highlights the personal impact of these losses on individuals like Du Jun. This suggests that not only are these major players in the encryption field facing financial difficulties as a result of the current market conditions, but that it is also affecting them on a personal level.

Overall, Du Jun’s message provides insight into the current state of the encryption field and the challenges that key players are facing. The keywords “eluded,” “evaded,” and “frugally” capture the sense of difficulty and uncertainty that those in the industry are currently experiencing, as they struggle to navigate the impact of the cryptocurrency market on their finances and personal lives.