In 2010, Chinese investor Wei Zhang made a savvy move, purchasing thousands of Bitcoins for a mere fraction of a penny each, totaling a minimal investment of just $10. As the value of Bitcoin skyrocketed, Wei's investment transformed into a staggering fortune worth billions. By 2017, his holdings had grown to an impressive 99,000 $BTC .
However, in early 2018, a sophisticated phishing attack breached the security of CryptoLeap, the crypto margin exchange founded by Wei in 2014. The hackers made off with Wei's entire Bitcoin fortune, valued at a staggering $6 billion at the time. The devastating loss led to the collapse of CryptoLeap, and Wei's subsequent resignation. Despite this catastrophic setback, Wei channeled his experience into cybersecurity, becoming a mentor and advocate for enhanced protections in the crypto industry. Today, Wei's hard-won lessons serve as a warning and a guide for future investors, helping to safeguard them against similar attacks and promoting stronger security measures throughout the crypto landscape.