Cao Ye's promotion of cryptocurrency trading has been suspected of cutting leeks.
Famous million KOL Cao Ye has recently been accused by fans of potentially cutting leeks due to promoting cryptocurrency trading in the group, resulting in significant losses for several fans. One fan revealed that they joined because Cao Ye promoted cryptocurrency projects in the group, which grew from a few hundred initial members to over 2,000. Initially, there were small profits, but losses began after a week, ultimately resulting in losses exceeding hundreds of thousands. Helpless fans sought help from the YouTube channel (Awakening the Evil in Your Heart) host Gou E, hoping to unveil the truth.
In order to investigate whether Cao Ye is really cutting leeks, Gou E personally infiltrated Cao Ye's activity circle to collect evidence, even heading straight to a bar in Taichung. However, during the surreptitious filming process, he was unexpectedly caught by Cao Ye's friend, leading to a fierce conflict between both parties, which momentarily spiraled out of control. Finally, under Cao Ye's persuasion, Gou E was able to leave safely.
Image source: (Awakening the Evil in Your Heart) Youtube video screenshot. A fierce conflict erupted between both parties, which momentarily spiraled out of control.
Cao Ye responded to the accusations: investment comes with gains and losses.
A few days later, Gou E and Cao Ye held a private meeting. Regarding the accusations of 'cutting leeks,' Cao Ye stated, 'I can be judged by the public; too many people outside say we are cutting leeks, but we made it clear from the beginning that investment comes with gains and losses, the core is not to be greedy.' He emphasized that investment losses are mainly due to participants being too greedy, leading to excessive financial input, and it is not his personal responsibility.
Cao Ye further explained that the 'Cao Coin Top Student Incubation Center' he founded only charges a transaction fee of 0.05%, and the group of over 2,000 people brings him an income of only a few hundred thousand yuan each month. He stated, 'If I really wanted to make money, I could take orders or directly teach courses.' He also revealed that he suffered a loss of over 40 million yuan from early investments in mining machines but emphasized that 'he would never cut leeks for fans.' Regarding external doubts, he believes it relates to the investment mindset of the participants.
Image source: (Awakening the Evil in Your Heart) Youtube video screenshot. Cao Ye stated that if he really wanted to make money, he could take orders or directly teach courses.
The confrontation and cooperation between Gou E and Cao Ye.
During the talks, Gou E not only openly criticized Cao Ye's actions but also mentioned the speculation from the outside world regarding his withdrawal from the claw machine industry. Cao Ye responded by stating that he has not completely withdrawn from the claw machine industry but is just taking a temporary break, currently focusing on filming and managing a medical beauty clinic. After an intense discussion, Gou E presented a contract, requesting Cao Ye to participate in the upcoming (angel investor) reality show and serve as a judge.
Cao Ye happily signed the contract and even promised to invest 3 million yuan to support the program, showcasing a generous side. After the video went online, it sparked heated discussions among netizens, with many defending Cao Ye, believing that 'investment inherently carries risks' and that fans' losses are closely related to their personal decisions.
Image source: (Awakening the Evil in Your Heart) Youtube video screenshot. Cao Ye promised to invest 3 million yuan to support Gou E's new program.
Although the entire video is clearly a designed performance, the content mentioned in the video also highlights the social risks brought by influencer economics and investment, prompting public reflection on the 'follow KOL for investment' model. Many comments pointed out that investments require rational judgment and should not overlook potential risks due to blind admiration or the pursuit of quick profits.
As many in the cryptocurrency circle say: 'If it’s really so easy to make money, the KOL should just make it themselves; why would the leeks' fans get a turn?' It is also hoped to ring the alarm for fans' investment misconceptions, as there is still a very vague gray area between KOLs promoting goods and the financial market.
[Disclaimer] The market has risks, and investments should be made with caution. This article does not constitute investment advice; users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Invest accordingly and bear the responsibility.
'Gou E strikes again! Cao Ye's cryptocurrency investment group is accused of cutting leeks for hundreds of thousands? Facing accusations, he instead cuts back 3 million.' This article was first published on 'Crypto City'.