Cardano’s Charles Hoskinson reveals $3 billion unrealized loss in crypto rout
Cardano (ADA) founder Charles Hoskinson said he is sitting on more than $3 billion in unrealized losses during the current crypto market downturn, offering a rare look at his personal exposure during a period of sharp declines.
Speaking from Tokyo in a live broadcast, Hoskinson addressed a market rattled by forced liquidations and falling prices in an inspirational message. Bitcoin (BTC) dropped to around $60,000 during the week, losing about 16% of its value, while the broader CoinDesk 20 (CD20) index fell 17%. Cardano (ADA) dropped by 15.6% in the week.
Hoskinson said he shared the figure to counter claims that crypto founders are insulated from losses that affect retail investors. He told viewers that his financial position…
