The rise and fall of Liang Xi, a cryptocurrency influencer: from the peak of trading to severe legal punishment

Liang Xi, formerly known as Geng Zhiyu, was once a shining star in the cryptocurrency circle. Relying on a high-leverage short-selling strategy, he started with 1,000 yuan and quickly accumulated 40 million yuan in the 2020 Bitcoin market volatility, and was hailed as the "contract god of war". On the live broadcast platform, his contract opening live broadcast attracted countless eyeballs, and he also received financial support from bigwigs such as Sun Yuchen and Du Jun, and he was in great glory.

However, the good times did not last long, and Liang Xi's trading path quickly turned dark. Wrong decisions and continuous failures caused assets to evaporate rapidly and eventually return to zero. At the same time, his mental state also had problems, and he was sent to the hospital many times due to mental problems, and his public image plummeted.

Worse, Liang Xi was prosecuted for failing to fulfill his delivery obligations when selling Weibo accounts, and was eventually sentenced to two years in prison for fraud. This incident completely ended his career as an internet celebrity and ruined his reputation in the cryptocurrency circle.

Liang Xi's story is sad. From the trading myth of the past to the prisoner today, his experience is not only a warning to individuals, but also a reminder to the entire currency circle. Although the digital currency market is full of opportunities, it is also accompanied by high risks. Investors should always keep a clear head, treat market fluctuations rationally, and avoid blindly following the trend and excessive speculation.

In addition, Liang Xi's case also reveals the impact of social media on Internet celebrities. While pursuing traffic and attention, Internet celebrities should pay more attention to the norms of their own behavior and the bottom line of morality, so as not to ruin their future due to a momentary mistake.

In short, Liang Xi's rise and fall history is a microcosm of the development of the currency circle. It tells us: In the process of pursuing dreams and success, we must stick to the bottom line, act rationally, and be brave to take responsibility. Only in this way can we be invincible in the fierce market competition.

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