Liangxi, born Geng Zhiyu in 2002 in Jinan, Shandong, is one of the most controversial figures in the crypto world. Some regard him as a genius trader, while others see him as a gambler. He rose to fame in a volatile market, and his tumultuous life experience has drawn attention in the crypto community.💸
1. Entering the crypto world, a legendary battle
In 2020, at the age of 18, Liangxi opened a trading account in his father's name, officially entering the crypto world. In May 2021, the crypto market faced a 'May 19 crash', and Liangxi decisively shorted Bitcoin, using leverage of up to a hundred times. Within just a month, he earned tens of millions from a thousand yuan capital, reaching a peak net worth of over forty million. He executed thousands of trades daily, precisely capturing market fluctuations, achieving legendary status through extreme operations, earning the title 'God of Contracts'.📈
2. Genius and controversy coexist
Liangxi is not only a trader; his youth also had many glorious moments:
• At 10, he excelled in swimming, earning national level 1 athlete qualification and ranking among the top in the country.🏊
• At 15, he became the champion of (Honor of Kings) in Hebei province, achieving fame as the character Liu Bei.🎮
• At 18, he entered the finance field, starting with a capital of a thousand yuan, rising to tens of millions and dominating the crypto world.💰
However, his life was also full of twists and turns:
• Due to his gaming addiction, he was sent to an internet addiction treatment center by his family and even briefly hospitalized.🚫
• After becoming famous, he donated a million but was accused of 'showboating'.💸
• Supporters viewed him as a genius, while critics labeled him a 'crypto gambler'.🎲
3. High-stakes gambling with leverage, wealth reduced to zero
Liangxi's success was built on extreme leveraged trading. In the second half of 2021, as Bitcoin rebounded from its lows, his multiple liquidations caused his wealth to evaporate instantly. Even after repeated failures, he still boldly proclaimed: 'Give me another thousand yuan in capital, and I will surely make a comeback!' However, the reality was ruthless, and his funds continued to dwindle, earning him the title 'Master of Zeroing Out'.💥
4. Lavish lifestyle, continuous controversy
At 19, Liangxi flaunted luxury cars, famous watches, and trading records on social media, claiming to be worth over a hundred million. At the same time, his high-profile donations sparked many doubts. Meanwhile, he only slept 5 hours a day, trading frantically and exhausting himself.🚗⌚
Family conflicts arose due to financial issues, with his father attempting to control his assets, ultimately leading to a rift between father and son. There were even rumors that he was sent to a psychiatric hospital for forced treatment and was prescribed psychiatric medications. This experience once again drew widespread attention from the public.🏥
5. Deep in debt, rumors abound
After his wealth vanished, Liangxi borrowed money from those around him, lured by high returns, but most debts remained unpaid. His debts soared from millions to tens of millions, with rumors exceeding a hundred million. In 2022, Sun Yuchen and Du Jun funded him with $50,000, but he quickly lost all the money, facing ridicule in the crypto community. Some accused him of 'running off with the funds,' to which he responded: 'I did not run away, I just cannot repay.'🚫💸
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