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Former Aevo co-founder "Exit Declaration": Eight years of crypto journey has become a casino disillusionment, setting off heated discussions in the cryptocurrency circle
Former derivatives protocol Aevo co-founder Ken Chan's "exit manifesto" quickly swept the Asian crypto circle this week. He posted a long post on X saying that he had "wasted eight years" in the crypto industry and bluntly stated that "I am not building a new financial system, I am just building a casino." This remark has sparked widespread resonance and controversy in the Chinese and South Korean communities, with millions of views.
Chan's post is not only a professional reflection but also a collapse of personal ideology. He claimed to have been influenced by libertarianism and was enamored with the revolutionary idea of Bitcoin "crossing the border with a billion dollars." However, eight years of industry experience completely disillusioned him. He criticized the Layer 1 capital war for "burning everyone's money", and projects such as Aptos, Sui, Sei, and ICP did not bring real financial innovation, but only "competed to become the next Solana". His conclusion is sharp: "We don't need to build a Mars casino. ”
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