Cardano founder Hoskinson remains committed to crypto despite losses exceeding $3 billions

Cardano founder Charles Hoskinson revealed during a livestream that he has lost over $3 billion in the crypto space, but still chooses to remain in the industry rather than exit. Responding to external doubts about being able to "afford the loss because he is wealthy," he stated that his involvement in the industry is not driven by money, and that even if he lost everything, he would not stop. He emphasized the importance of integrity, mentioning that he has repeatedly turned down suspicious opportunities, thereby avoiding industry scandals such as the FTX collapse. In the face of the current market downturn, he encouraged the community to remain patient, focus on collaboration and building, and expressed optimism about the progress of Cardano's infrastructure and governance. He also praised Ethereum co-founder Vitalik Buterin and Solana co-founder Anatoly Yakovenko for their contributions to advancing crypto adoption.