This South Korean entrepreneur is making waves in blockchain analysis

This South Korean entrepreneur is making waves in blockchain analysisThis South Korean entrepreneur is making waves in blockchain analysis
via CoinDesk, @ki_young_ju / X
Meet Ju Ki-young, a South Korean tech entrepreneur who co-founded the blockchain analysis firm CryptoQuant.
About Ju: Born in 1992, Ju, an alumnus of Pohang University of Science and Technology, co-founded CryptoQuant with fellow alumni in April 2019. Before becoming its CEO and entering the blockchain sphere, he was a software engineer who offered analyses for businesses.
What CryptoQuant does: CryptoQuant, which South Korea‘s Chosun Daily dubs as the “Bloomberg of Crypto,” provides on-chain and market data gathered from blockchain and major cryptocurrency exchange platforms. The company keeps track of every transaction that occurs in the market.
Making a name: Using on-chain data analysis, CryptoQuant says it was the first to notice the impending crash of the Terra-Luna cryptocurrency in May 2022 and the potential bankruptcy of FTX months after.
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Ju raised the red flag in an X post, pointing out how Terraform Labs’ nonprofit, Luna Foundation Guard, transferred around 37,000 Bitcoins (approximately $1.59 billion in today’s exchange) to Gemini, a cryptocurrency exchange. A few days after making the post, Terraform Labs’ Luna, the sister token of stablecoin TerraUSD, crashed to virtually $0.
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With its success, CryptoQuant signed a partnership deal with the Chicago Mercantile Exchange (CME Group), the world’s largest derivatives and options exchange, as the latter’s on-chain data provider in July of the same year.
Helping solve crimes: Ju hopes that CryptoQuant could also aid governments and financial authorities in tracking cyber financial crimes. In 2019, the company used its expertise to uncover the e-wallets of those involved in the “Nth Room” scandal, leading to the arrest of masterminds Cho Ju-bin, Moon Hyung-wook and others.
 
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