He was a crypto king. Until one cold morning, it all vanished.
Stefan Qin, once dubbed a “genius trader” by headlines, ran a $100 million hedge fund called Virgil Capital. Just 23, he wore tailored suits, gave slick interviews, and promised “risk-free” crypto arbitrage returns. The world listened. Investors poured in.
But behind the curtain, he was plugging holes. Robbing one fund to pay another. Faking balances. Faking trades. And faking confidence. 🧾🔥
The empire started cracking in late 2020. Redemption requests surged. Qin delayed. Lied. Then disappeared.
He reappeared weeks later… not on CNBC, but in handcuffs. ⚖️💔
He had stolen over $90 million — not from corporations, but from everyday believers: parents, retirees, college friends.
They thought he was smarter. He thought they’d never notice.
“I thought I was smarter than everyone else,” he later admitted in court.
The judge wasn’t impressed. Qin was sentenced to 7.5 years in prison. 🚔🔒
The twist? He says he still believes in crypto. Just not in shortcuts.
Some call it a cautionary tale. Others call it greed in a hoodie.
Either way — the blockchain remembers. And the people he burned? They’re still waiting for justice. $SUI
