"Liang Xi symbolizes the spirit of our cryptocurrency circle that grows stronger with each setback, and represents the will of our cryptocurrency circle people to 'be defeated but not crushed.'" Justin Sun made such an evaluation of the top Crypto KOL Liang Xi in his tweet.
Sun Ge's blessing, the popularity soared
Tron founder Sun Yuchen and Huobi co-founder Du Jun joined Liang Xi's Twitter Space live broadcast and announced that they would each provide Liang Xi with $50,000 in trading funds unconditionally. The next day, $100,000 was also deposited into Liang Xi's account.
Later, it was rumored that Liang Xi had withdrawn $60,000 of the funds. However, he also tweeted that this was only a "small portion taken out for backup", and explained in a live broadcast on the evening of the 18th that the $60,000 was not withdrawn, but was only transferred to the spot wallet, and $40,000 was still in the contract wallet as principal.
High leverage contracts, once earned tens of millions per month, born in the 2000s, a swimmer, a national Liu Bei, once attended a school to stop Internet addiction...
This young man has countless distinct and extreme labels. In the cryptocurrency circle where the personalities of KOLs and so-called bigwigs are collapsing at an alarming rate, Liang Xi's down-to-earth "real" image has instead attracted long-term attention and attention from traffic.
During the bull market in 2021, Liang Xi had already attracted a lot of traffic on domestic social media, but his account was subsequently banned several times. Later, Liang Xi joined Twitter.
On the evening of October 17, Liang Xi launched his first Twitter Space. The effect of the event exceeded everyone's imagination. Data shows that this Space had more than 56,000 participants, and celebrities such as Justin Sun and Du Jun participated and spoke. Liang Xi and the speakers frequently made golden sentences, and the number of people online at the same time exceeded 9,000, setting a record for Chinese encrypted Twitter and ranking first in Twitter's global real-time Space ranking.
This live broadcast quickly became popular in the Chinese encryption field with extremely impressive data, Liang Xi's outspoken expression, rich storytelling and entertainment, and was nicknamed "The Spring Festival Gala of the Cryptocurrency Circle" by users.
Became famous at a young age, made tens of millions a month by shorting in the bull market
"Geng Xianzhao, return your father's money, you damn well better return it! If you don't return it, I will call the police to arrest you!"
It is hard to imagine that this is a son shouting at his father. During the entire phone conversation, both parties used foul language from time to time, and the son even called himself "your father". The fierce words made it impossible to believe that this was a father and son. The content of the conversation mainly revolved around the word "repay the money".
Geng Xianzhao is Geng Zhiyu's father, and these two are the father and son in the conversation. This conversation took place in the summer of 2021, when Geng Zhiyu was already well-known in the cryptocurrency circle. This video of his phone conversation with his father made him famous outside the cryptocurrency circle, and he was called "the filial son of the cryptocurrency circle" by netizens.
According to Geng Zhiyu's own description, because he was only 17 years old and not yet an adult, he could not apply for his own bank card, so he entrusted his father to keep more than one million RMB for him. Now that his cryptocurrency trading account has gone bankrupt, he wants to take back the money as principal and "rush in" again.
It is worth noting that Geng Zhiyu was not born into a wealthy family. This huge fortune did not come from a gift from his family, but was earned by himself from the ups and downs of the currency market.
"I couldn't apply for a bank card, so I withdrew the money to Geng Xianzhao's card. Now I need money urgently, but he won't give it to me. I've called the police."
Geng Zhiyu's Weibo name is "凉兮嘤嘤嘤", and netizens call him "凉兮". At that time, he was only 17 years old. He said in the video that he used 1,000 yuan of principal and 100 times leverage in the currency market to quickly enter and exit, and short-term operations, and he made millions of profits in just one month. In June 2021, Liang Xi, who turned 18, finally had his own bank card, and the "17 years old" in his online ID was changed to "18 years old".
Recently, Liang Xi, a well-known figure in the circle, was sentenced to two years in prison for fraud, which once again reminded people of the ruthlessness of the market and the seriousness of the law.
The reason why Liang Xi became the defendant was that when he sold his personal Weibo account, he received 10,000 yuan but failed to fulfill his delivery obligation, which constituted fraud.
Although he quickly returned all the stolen money after the incident and was given a one-month reduction in his sentence, he still had to serve two years in prison.
Zhejiang Province has adopted a strict crackdown on fraud crimes, and Liang Xi did not have the opportunity to get a suspended sentence.
If Ryoko goes in, won’t his emoticon pack be out of print?
Two years later, how many people will still remember Liang Xi and what will the cryptocurrency world become?
As time goes by, his reputation may gradually fade in the cryptocurrency circle, just like no one remembers Caishu and Dashi from the past. Time is really ruthless.
This incident also reveals the cruelty of the market. Many investors have a very short life cycle in the market, often only a few months. This case reminds everyone that whether in the cryptocurrency market or other fields, we should abide by laws and regulations, act prudently, and avoid irreversible consequences due to temporary greed or negligence.
Shopkeeper Tong was actually very sad, seeing that many people worshipped the so-called contract bosses like gods. Even if they had lost a lot of money, they would not change their minds. This was why contract bosses like Liang Xi and Ban Mucha, although many people had lost everything they had with them, did not stop the new investors from worshipping them like gods. It could only be said that they deserved to lose money.
Gamblers do not deserve sympathy. Losing everything will definitely be his final destination. It’s just a pity for his relatives and friends who are implicated by him.
