Mike Novogratz Says His LUNA Tattoo Will be a Constant Reminder that Investing ‘Requires Humility’

Mike Novogratz, the billionaire CEO of crypto investment manager Galaxy Digital finally breaks the silence on the recent crisis in the Terra ecosystem, which saw the collapse of its $18 billion algorithmic stablecoin and $30 billion network token, LUNA. Mike Novogratz Breaks Silence on the Whole Terra Fiasco Michael Novogratz, CEO of Galaxy Digital, is a known supporter of the Terra ecosystem, including its Luna cryptocurrency and its algorithmic stablecoin TerraUSD (UST). For instance, in January, Novogratz tweeted a picture that he got a LUNA-themed tattoo and said he was “officially a Lunatic.” Do Kwon, creator of Luna and UST, replied, calling Novogratz the “King Lunatic.” King lunatic Lets do one more after another digit 🤝 — Do Kwon 🌕 (@stablekwon) January 5, 2022 However, after the UST de-pegging incident and the entire Terra ecosystem getting obliterated, the billionaire has remained silent online until recently. Addressing Galaxy “shareholders, friends, partners, and the crypto community,” Novogratz said in a statement: “My tattoo will be a constant reminder that venture investing requires humility,” After much thought, it’s time to talk about last week and, more importantly, the weeks ahead. https://t.co/m2pnzpe9Lu — Mike Novogratz (@novogratz) May 18, 2022 Novogratz Still Remains Optimistic in Crypto Galaxy Digital has invested in the Terra ecosystem since September 2020, before it became entered among the top 10 b...