Cryptofun Lost Nearly Everything in Terra’s Collapse, Then He Started Building Again

Cryptofun says he lost nearly everything he had made in cryptocurrency when Terraform Labs’ TerraUSD (UST) and LUNA ecosystem collapsed in May 2022. He says the losses came within roughly 48 hours. In April 2026, he began building Dog Wif Hood ($WIFH), a meme-token project with blockchain tools on Robinhood Chain.

He still runs a private company outside crypto. According to his account, he works on WIFH after his day job, often from 6 p.m. until 2 a.m. The routine leaves him balancing development with the responsibilities of running a business.

The Two Years After Terra

Cryptofun traces his interest in business to an e-commerce venture he started around 2014–15. Before that, he worked a 9-to-5 job with the City of New York, he says. A friend introduced him to Bitcoin in 2016, and he became interested in its scarcity rather than the prospect of getting rich quickly. He later bought Ethereum as the market developed.

The 2020 decentralized finance boom and the rise of Uniswap strengthened his belief that crypto could become infrastructure rather than simply a market for tokens. On May 12, 2022, at about 4 a.m., he says he was alone watching UST trade at $0.30. He expected the stablecoin to recover its peg. Instead, the collapse wiped out nearly all the crypto gains he says he had accumulated since 2016.

He spent much of the following two years helping other projects as a moderator, community builder, and early supporter, often without payment. He says he helped about 20 projects. By late 2024, he had grown tired of contributing his time and money to other people’s projects without building something of his own. Friends outside crypto questioned why he wanted to try again after Terra, while crypto friends encouraged him to take ownership of a project.

Building on Robinhood Chain

Cryptofun says he began building around $WIFH in April 2026 after examining Robinhood Chain, an Ethereum-compatible layer-2 blockchain developed by Robinhood Markets, Inc. The network’s public mainnet launched on July 1, 2026, and its chain ID is 4663. He saw an opportunity in what he described as a new ecosystem with few tools, including no suitable swap service or contract scanner for the users he wanted to reach.

Dog Wif Hood is an independent project and is not issued or endorsed by Robinhood Markets, Inc. It is distinct from dogwifhat (WIF), the Solana-based meme token. Cryptofun says $WIFH launched on July 10, 2026.

The project combines a meme token with a set of tools. Its multi-chain swap is intended to help users move supported assets onto Robinhood Chain. Inspector scans contract information, including ownership settings, holder concentration, liquidity-lock status, and trading taxes. It displays information that may help users assess potential risks, but it is not a formal independent audit and cannot establish that a token is safe.

The project also offers a profile-picture generator built around its hooded-dog identity and Furnace, which tracks token burns. Cryptofun says the supply is fixed at 1 billion tokens, there is no buy or sell tax, ownership has been renounced, and liquidity is locked. These are project claims. He says Furnace has recorded 117,629,245.12 $WIFH burned across 50 burns, equivalent to about 11.76% of the stated supply. A burn removes tokens from circulation but does not guarantee a higher price.

“If WIFH can’t pass its own audit, it shouldn’t exist,” Cryptofun says. Inspector is a scanner, not an audit. He describes the project’s approach as “Meme + infra,” combining a community identity with tools intended to serve users beyond the token itself.

The Cost of Building in Public

Cryptofun says the project’s original X account, @DOGWIFH00D, was suspended after what he describes as an attack. He says he filed an appeal and moved posting to the alternate account @WIFH_Robinhood. On September 27, 2026, the project said X had restored @DOGWIFH00D and found no violation. The account’s suspension is a reported event; the alleged attack remains his description of what happened.

He says running a crypto project differs from managing a private company because holders can interpret silence as a warning that a project has been abandoned. Public updates can also be read as promises about price or future announcements, even when the intention is to report work in progress. His daily routine remains divided between his company and WIFH, including checking the swap, Inspector, and burn tracker, answering Telegram messages, and continuing development at night.

Cryptofun says he would continue building the swap and Inspector even if the token failed. “Even if WIFH fails, swap and Inspector stay useful for Robinhood Chain,” he says.