Recently, it has been observed that many celebrities across the globe are showing a great deal of interest in cryptocurrencies, NFTs, and blockchain. Some of these celebrities have even launched their NFTs, while others promote or express interest in buying them. Overall, these celebrities possess a significant amount of digital assets.
One such celebrity, Seo Chul-goo, also known as Xitsuh, has gained prominence as a South Korean pop star, rapper, and TV personality. He recently made headlines for losing a substantial amount of money, estimated to be between $61,230 and $77,000, on cryptocurrency investments. Seo and his fiancée, Lee Young-joo, appeared on the talk show “Love of a Lifetime” on E Channel TV, where they discussed their financial situation.
Lee expressed her concern about Seo’s investment in cryptocurrencies, revealing that it has caused him sleeplessness in addition to his existing work-related stress. The couple, who have been dating for 10 years, are currently planning their wedding, and Seo had hoped to raise over $240,000 in two years to purchase a house for them. Unfortunately, his investments did not go as planned, and the losses have significantly impacted their wedding fund.
Seo Chul-goo made his debut in 2018 and has participated in various rap and pop-themed reality TV shows. “Love of a Lifetime” is a talk show hosted by Kim Gu-ra, a well-known South Korean entertainer and TV presenter, along with Kim Min-jung. The program invites economic experts to provide advice to celebrity couples on wealth accumulation and investment strategies.
Recently, Immunefi, a bug bounty and security services platform, published a report on losses incurred in the cryptocurrency sector. According to the report, a total of $3.9 billion in losses and hacks were recorded in 2022. Among these losses, hacks were found to be the main cause, accounting for 96.6% alone.
Whereas, a report on July 6, a wave of crypto theft and exit scams plagued the DeFi (Decentralized Finance) sector, resulting in $313 million in losses during Q2 2023. Additionally, as reported by Todayq News, the total losses in scams, hacks, and rug pull in the first half of 2023 amounted to $656 million, which is significantly lower than the $1.6 billion reported in the previous year.