There is still a ridiculous story circulating online recently — claiming that a certain founder was caught with a Trezor hardware wallet hidden in his rectum, containing 10,000 Bitcoins. At first glance, it sounds magical, but it’s actually a joke created by people trying to find humor in the bear market.

The real situation is this: Do Kwon was arrested in Montenegro for using a fake passport, and this month he pleaded guilty to a $40 billion fraud case and was sentenced to 15 years in prison. There’s no dramatic storyline about hiding treasures; it’s just cold, hard legal proceedings.

But seeing how this rumor spreads so widely, you realize something more painful — it actually reflects a deep collective anxiety in the crypto industry: How low has our trust in the "people" in this space fallen?

When a founder gets into trouble, people don’t immediately think of legal sanctions; instead, they speculate, "Does he still have assets that haven’t been discovered?" Behind this reaction lies a warning: the entire industry’s wariness of personal authority, opaque operations, and even black-box practices has become ingrained.

What lessons does Do Kwon’s case give us? It’s that when a project overly depends on the founder’s personal credibility, operates opaquely, or even involves illegal activities behind the scenes, the system is as fragile as paper — it can be torn apart with a single poke.

So here’s the question: in an industry once shrouded in countless scams and dark secrets, where should we place our trust?

Perhaps the answer isn’t about betting on the "next reliable founder," but about choosing protocols that don’t require you to trust anyone at all — ones that operate solely based on code logic and on-chain transparency. With such projects, there’s no need to worry about founders running away or manipulating behind the scenes. Trust ceases to be a gamble and instead becomes a set of verifiable technical guarantees.