I wrote an article about Do Kwon. I have always felt that writing a person's story is more powerful than writing any industry report. Because in the ups and downs of a person, one can often reflect the desires and illusions of an entire era. Do Kwon is such a typical example. A few years ago, he was the brightest star in the crypto world, young, confident, and arrogant, igniting the imagination of the whole world with an algorithmic stablecoin. A few years later, he stood in a New York courtroom wearing a yellow prison uniform, bowing his head in confession. Writing this piece is not just to document his tumultuous life, but also to see through him and gain clarity about the entire industry. To understand how those fleeting booms were created and how they collapsed. The rise and fall of one person ultimately entangled the fate of countless ordinary investors in the biggest scam in crypto history. Read the full article 👇