"I Wasted 8 Years in Crypto": A Builder's Exit Note Goes Viral Across Asia
2 days ago
- #market-exhaustion
- #generational-anxiety
- #crypto-critique
- Ken Chan, former co-founder of Aevo, admits crypto has become a 'casino' rather than a new financial system.
- Chan's disillusionment stems from eight years in the industry, witnessing capital wasted on projects like Aptos and Sui with no real progress.
- His critique resonates across Asian crypto communities, reflecting market exhaustion and generational anxiety over social mobility.
- Chan now focuses on KENSAT, a personal satellite project, after leaving Aevo, whose token has dropped 99% from its peak.
- Responses to Chan's post vary, with some agreeing crypto lacks real use cases, while others blame individual failures.
- The post highlights broader concerns about crypto's societal impact and the lack of tangible products for average users.