This crypto investor runs a channel called Street TV. Apparently, they placed long and short bets in the volatile market the day before yesterday, and they confirmed a 14.8 billion KRW loss on a 15 billion KRW account. Only 200 million KRW left...
(His Official Statement) I can't sleep, so I'm posting this... Yeah. I assume everyone already knows the situation, so I'll cut straight to the point. First, I sincerely thank those who came to my early morning stream today to offer comfort. Honestly, it was incredibly painful and lonely, beyond words. I know I shouldn't say this, but I kept having very dark thoughts, which was difficult. That's why I turned on the live stream, even knowing I'd be insulted and mocked—I just wished someone was there. I thought maybe if I talked to someone, those thoughts wouldn't linger...? I sincerely thank those who came to comfort me again. I had so many things I needed to protect. That's why I shouldn't have done this, even more so. I really wanted to make a lot of money to be a good son/daughter and be a great financial pillar for my family. That goal was also too big. I also wanted to marry the person I love, start a family, and live happily without financial difficulties. Also, because my family wasn't well off when I was young, I wanted to help others who were struggling. The hardest and most painful part right now is the thought: Did I just waste about 8 or 9 years, from early summer of '17 until the end of '25? Was the path I took the wrong one? And do I have the confidence to climb back up again? I've always lived life with a very positive and optimistic outlook, and I considered that my strength. But when you crumble in an instant, it’s not as easy as they say. Still, if I'm not going to give up everything, I need to snap out of it quickly, adopt a positive mindset, recover fast, and stand up again. Also, something I've mentioned a lot over the past year or two of broadcasting is that I wanted to enjoy the broadcasts... Because I was trading with my life on the line, genuinely putting everything at stake, the stress from trading became too severe at some point, and I think the joy disappeared from my streams. I feel very sorry about that. I’m trying to let go of everything quickly now. I’m trying to accept everything. So I plan to live more diligently than anyone else. If I continue broadcasting... there will be countless insults, but I plan to just laugh and accept even those. Well... I’ll remain as a clown-like figure, who does whatever the subscribers ask, just to give them some enjoyment. I no longer have the seed money to trade aggressively and cleanly like before, but I will remain a broadcaster who uses small amounts to put on fun, enjoyable streams. Please give me lots of support, and I'd be grateful if you could help me return to being the cheerful Street. I deeply apologize for showing you my utterly broken mental state recently... please just think of me as another ordinary human being. The size of my positions and my seed money have definitely shrunk... it’s not completely over, but I have let go of a lot, actually... If I am saved (given a chance), I must accept it gratefully. There must be many others who are struggling besides me, and I sincerely hope that a day comes when we can laugh together. I will also try my best to overcome this... Thank you so much for reading this long message.
"The end of futures is liquidation" is truly a universal truth.
They say he has other assets and YouTube revenue, so this isn't necessarily a total financial collapse...
"The comments are doing forensic accounting on how he blew the leverage while affirming the ancient crypto proverb: The end of futures is always liquidation. When 15 billion KRW isn't enough to satisfy your filial piety, the market always wins."
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