Liang Xi, his story is a typical rise and fall of people in the cryptocurrency circle. He dropped out of school and had no stable job. He came into contact with Bitcoin by chance. The turning point was the use of leverage and extremely high trading frequency. His crazy trading method made him jump from 1,000 yuan to 20 million in one month. At the peak, his assets exceeded 40 million. The good times did not last long. The volatility of the market was the best teacher. He relied too much on the high returns brought by leveraged trading and ignored the high risks behind it. A misjudgment led to a liquidation, and all his assets were instantly reduced to zero.
Faced with failure and difficulties in life, he embarked on the path of fraud, posting false transaction information through social media platforms to defraud others of their money. Liang Xi was charged with fraud and prosecuted. He was eventually sentenced to two years of suspended sentence, his Weibo account was seized, and the amount involved was 10,000 yuan.
On the other hand, the captain believes that such an experience of a young person at the bottom of society is a spiritual destruction of life, and he will never be able to return to a normal life. The experience of fraud will also destroy his personality, and he will lose opportunities because he cannot build trust.
Liang Xi's story is a warning, reminding people that in the cryptocurrency market, they must not only have keen insight and trading skills, but also have risk awareness and legal awareness.
Now the Weibo account Liang Xi is back. Maybe it’s not him who is updating it, but a team working on it to generate commercial traffic!
