How about former thousandaires? In Nigeria:
**Last fall, on the advice of a friend, Odosa Iyamuosa invested his life savings of $4,000 in a cryptocurrency called Luna. The 28-year-old, who lives in Abuja, Nigeria, researched the coin himself online, and what he found seemed promising. Luna’s price was soaring, thanks to the success of another coin with which it was deeply intertwined, TerraUSD.**
https://www.bloomberg.com/news/articles/2022-05-19/luna-terr…
You know where it’s going, of course.
Also from the article:
**Other investors also say they were prepared for ups and downs, but never imagined such a rapid collapse. Senior Bernier, 24, a flooring contractor in Montreal, says he lost about $250,000. “Do Kwon is a guy I’ve always believed in,” he says.**