The $6 Billion Bitcoin Heist
In 2010, Wei Zhang, a Chinese investor,
bought thousands of #Bitcoins for less than a penny each, spending just $10. As Bitcoin's value soared, Wei's investment turned into a fortune worth billions. By 2017, Wei had amassed a staggering 99,000 $BTC. However, in early 2018, a sophisticated phishing attack breached the security of Wei's #crypto margin exchange, CryptoLeap, which he had built in 2014. Hackers stole Wei's entire #BTC fortune, then valued at a jaw-dropping $6 billion. The incident led to the collapse of CryptoLeap and Wei's resignation. Despite the catastrophic loss, Wei channeled his experience into #cybersecurity, becoming a mentor and advocate for stronger protections in the crypto industry.
Wei's hard-learned lessons now serve to protect future investors from similar attacks