This Man Lost 99,000 Bitcoins Worth $6 Billion Today
In 2010, a Chinese investor named Wei Zhang put $10 into Bitcoin, acquiring thousands of coins when they were worth less than a penny. As Bitcoin's value surged, Wei's investment grew into a substantial fortune. Leveraging his newfound wealth and technical skills, Wei established the world's first crypto margin exchange, CryptoLeap, in 2014.
By 2017, Wei had amassed 99,000 BTC, valued in the billions. However, in early 2018, CryptoLeap's security was breached by a sophisticated phishing attack. Hackers stole Wei's entire Bitcoin fortune, then worth $6 billion. This incident led to the collapse of CryptoLeap and Wei's resignation.
Despite this immense loss, Wei redirected his efforts towards cybersecurity. He became a mentor and advocate for stronger protections in the crypto industry, using his hard-earned lessons to help safeguard future investors.
