'11 million in unfulfilled donations, he has become a 'dishonest person'!' Wu You, a post-90s individual, became famous overnight for promising to donate a huge sum to his alma mater, China University of Mining and Technology. However, due to the liquidation of his Bitcoin contracts, he is unable to fulfill his promise and has become a person subject to enforcement for dishonesty. Behind this incident lies not only a crisis of donation integrity but also a microcosm of the risks of contract investment.

1. Unfulfilled donations: From legendary alumni to dishonest individuals

In 2019, Wu You promised to donate 11 million yuan to support educational causes at his alma mater and was once promoted as a model alumnus. However, years later, he was sued by the school for failing to fulfill his promise. The court ruled that Wu You 'has the ability to perform but failed to pay on time,' listing him as a person subject to enforcement for dishonesty. Wu You responded that he 'has abundant assets but no cash,' attributing the root cause to the failure of his Bitcoin contract investments.

2. Bitcoin contracts: A high-leverage risk game

Wu You's financial issues stem from the liquidation of his Bitcoin contract investments. Compared to traditional investments, Bitcoin contracts utilize high leverage to amplify both returns and risks, but with severe price fluctuations. Once the market reverses, it can easily lead to liquidation and a total loss of funds. Wu You admitted that his investments have almost 'dropped to zero', making him unable to fulfill his donation commitments.

3. Three major hidden dangers of contract investment:

1. High leverage amplifies risk: When investment funds are insufficient, price fluctuations can directly deplete account funds.

2. Heavy psychological burden: Investors often make irrational decisions due to the pressure of high leverage.

3. Opacity: Market manipulation and abnormal fluctuations put ordinary investors at a disadvantage.

4. The cost of donation commitments: A dual loss of integrity and legality

Wu You's unfulfilled donations not only raised public doubts but also brought legal issues. According to the Charity Law, public donations are irrevocable, and donors who fail to fulfill their commitments will face legal action. This incident exposed the contradiction between 'paper wealth' and real cash flow, plunging high-profile donation behaviors into a trust crisis.

5. Reflection: The boundary between donations and contract investments

The Wu You incident has sparked profound reflections in society regarding 'huge donations' and 'crypto investments':

The responsibility of donors: Before making a commitment, ensure the ability to fulfill it to avoid 'bad checks'.

Warning of contract investment: High returns often hide high risks. Investments should be rational, avoiding economic difficulties caused by speculative psychology.

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Wu You's transition from a 'success' during the Bitcoin boom to a 'dishonest person' after the crash reveals the fragile balance between wealth and integrity. When the virtual asset bubble bursts, not only does wealth evaporate, but even credibility is hard to restore. For the public, this incident serves as a dual warning about investment risks and moral responsibility. How can we maintain the bottom line of integrity in the face of high-return temptations?