It has been 7 years since 1994
On September 4, 2017, the People's Bank of China and seven other ministries jointly issued the "Announcement on Preventing the Risks of Token Issuance and Financing", requiring a ban on virtual currency transactions.
At the same time, it is said that a number of crypto tycoons have also been placed under border control:
1. OKX founder Xu Mingxing
The current top crypto player CZ Zhao Changpeng and top crypto player He Yi both used to work at OKX.
After 1994, Xu Mingxing stayed in the country and supported the government's work.
Even on March 9, 2018, after the then governor of the central bank expressed his views on digital currency, Xu Mingxing stated that he was ready to donate the company to the country at any time.
OKX is still a first-tier exchange, with its main business moved overseas, and Xu Mingxing himself often gives advice on Twitter.
2. Huobi founder Li Lin
At that time, Huobi was a big name in the crypto industry. After the September 4 incident, Huobi was the most affected mainstream exchange.
After the 94 incident, Li Lin stayed in the country obediently.
However, on December 8, 2020, he was taken to Shanxi by Shanxi police (the domestic currency circle called this the "Shanxi Incident") for an unknown period of time.
On March 9, 2021, Huobi founder Li Lin returned to the company and began normal work.
In October 2022, Li Lin sold all his Huobi shares and posted on his WeChat Moments that he was no longer the actual controller and shareholder of Huobi Global and no longer had any authority.
The current Huobi Exchange has been renamed HTX and has faded out of the first-tier ranks.
3. CZ Zhao Changpeng, Founder of Binance
In 1989, due to some turmoil at the time, CZ and his family immigrated from China to Canada.
In 2014, he sold his house in Shanghai, invested all his money in Bitcoin, and joined OKCoin, becoming a co-founder and chief technology officer (CTO). While working at OKCoin, he fell in love with He Yi.
CZ founded Binance just two months before 94.
After the 94 incident, CZ and He Yi resolutely ran away, continued to develop Binance, and successfully made it bigger and stronger.
Now, Binance is a unique exchange in the crypto industry, with a market share far exceeding the second place.
The only drawback is that CZ is still serving his sentence in the United States and is not expected to be released until the end of the month.
4. Justin Sun, Founder of Tron
TRON was actually established only two months before 1994, which is about the same time as Binance.
So far, it is also the most used chain by crypto users switching to U.
After 1994, Justin Sun has been traveling around the world. He can be seen in the United States, Singapore, Malta, Grenada, and recently he has been going to Hong Kong frequently.
Although he has the reputation of "Sun Ge", his career is also very successful. Now Tron's market value is more than 10 billion, and it has long been ranked among the top ten cryptocurrencies.
5. Master Bao and Xue Manzi
Before 1994, Bao Erye and Xue Manzi could still sit together and chat with Zhao Changpeng.
It’s completely different now.
After 1994, Bao Erye went to the United States and bought an estate, which he named "Leek Estate".
But now Bao Erye’s ability to reap the profits is far less than before. Although he still frequently calls out orders, the old investors have long since learned their lesson.
Xue Manzi, who was known as China's No. 1 angel, fled to Japan after 1994 and claimed to have bought a street, named "Manzi Alley", which had eleven old townhouses.
But recently it seems that the old man's financial situation is not very good. He often issues coins to make money at his age. It's really...
