Elite University Graduate Crypto Founder Dies by Suicide, KOL Reveals Pressure Allegedly from Notorious Market Maker

KOL “Moonlight” stated on social media platforms that they recently learned that Network3 founder Rock passed away last year after reportedly taking his own life. They openly said that entrepreneurs often face multiple pressures from communities, teams, and investors, as well as high personal standards. “Graduating from prestigious schools, securing funding, launching tokens—all can’t bring a person back to life.” According to their account, Rock invested a lot of personal funds into his startup, even selling his house to fund the venture, but ultimately couldn’t withstand the pressure, leaving behind a newborn child and wife.

Friend’s view of Rock: Honest people are not suited for the crypto world

Another KOL, Cai Si, shared his three-year experience of knowing Rock. He recalled meeting Rock before ETHDenver 2023. At that time, Rock still had a Web2 background; his VPN product already had users and revenue, and he later transitioned into the crypto space. Cai Si described Rock as optimistic and enthusiastic. During Token2049 in Dubai, due to an unprecedented heavy rain, he even took the initiative to shuttle friends to and from the airport and hotel, making multiple trips in one day.

However, such a personality can also be a weakness within the crypto ecosystem. Cai Si bluntly said that the current startup model centered around token generation events (TGE) essentially involves only two roles: “either treating others as pawns or becoming someone else’s pawn.” He pointed out that over the past year, he has seen too many honest people being praised during market bull runs but facing backlash from public opinion and capital during downturns, ultimately bearing enormous pressure.

Network3 token controversy also affected Web3Port

Additionally, Suji Yan, founder of Mask, revealed that one of the sources of pressure for Rock before his death might be related to Web3Port. The market maker was accused of conducting unilateral sell-offs on exchanges, causing the prices of several project tokens to plummet or even become worthless. Projects like MOVE, MyShell, and GoPlus were all suspected of liquidity provision failures, which worsened the price crashes.

Source: Suji Yan

This article titled “Prestigious University Graduate in Crypto Circle Rumored to Have Committed Suicide, KOL Reveals Pressure Possibly From Notorious Market Makers” first appeared on Chain News ABMedia.