Seo Chul-goo, a South Korean pop star, rapper, and TV personality, has confessed that he lost up to $77,000 on bad crypto investments. He shared his financial woes with his fiancee Lee Young-Joo on a TV talk show.
Seo Chul-goo, also known as Xitsuh, is a famous South Korean pop star, rapper, and TV personality, who debuted in 2018 and has appeared on several rap and pop-themed reality TV shows.
He recently appeared on the E Channel TV talk show “Love of a Lifetime” with his fiancee Lee Young-Joo, whom he has been dating for 10 years and plans to marry soon.
On the show, he revealed that he wanted to raise over $240,000 in two years to buy a house for them, but his investments in cryptocurrency did not go according to plan.
He said he lost between $61,230 and $77,000 on his crypto investments.
Lee expressed her concern about Seo’s sleeplessness due to his crypto obsession. She said that he usually suffers from insomnia because of his work, but lately, he has been unable to sleep because of his crypto investments.
She wished that he would not invest in crypto anymore.
The show is hosted by Kim Gu-ra, one of South Korea’s top entertainers and TV presenter Kim Min-jung.
The show focuses on the financial situations of celebrity couples and invites economic experts to advise them on how to accumulate wealth and safeguard their investments.
Seo was shown nervously perusing crypto charts on PC monitors throughout the show.
South Korean Celebrities’ crypto connections
Seo is not the only South Korean music star who has gone public with his crypto regrets.
In 2018, Park Kyung, a member of the K-pop group Block B, said that he had made a “foolish” Bitcoin (BTC) investment that had left him in the red.
He said that he had learned a lesson from his investment.
Last year, the South Korean entertainment world was rocked by the news that Park Min-young, one of the nation’s top female actresses, had been dating Kang Jong-hyun, a mysterious recluse who police think owns a controlling stake in the Bithumb crypto exchange.
A media expose reported that Kang had bought Park’s talent agency and had installed the actress’ older sister as a director of another company he allegedly owns.
Police raided Kang-affiliated offices in October last year, and prosecutors are currently trying to convict him of price manipulation-related offenses.
Crypto has also been the subject matter for notable South Korean dramas and movies, such as 2021’s Twenty Hacker.
