The incredible story of how he lost 99,000 Bitcoins worth $6 billion today
In 2010, a Chinese
named Wei Zhang invested $10 in Bitcoin, acquiring thousands of coins when they were worth less than a penny. As Bitcoin's value skyrocketed, Wei's investment turned into a small fortune. With his newfound wealth and technical prowess, Wei built the world's first crypto margin exchange, CryptoLeap, in 2014.
By 2017, Wei had accumulated 99,000 BTC, worth billions. However, in early 2018, a sophisticated phishing attack compromised CryptoLeap's security. Hackers stole Wei's entire Bitcoin fortune, now valued at $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, ensuring his hard-learned lessons would protect future investors.
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