The "legend" and controversial figure in the Bitcoin trading circle - Liang Xi (Geng Zhiyu), born in Jinan, Shandong in 2002, is famous in the currency circle for high-leverage contract trading.
From 2019 to 2020, at the age of 17, he borrowed his father's identity to enter the market. With only 1,000 yuan of principal and 60 to 100 times of high leverage, he quickly emerged in the circle through high-frequency operations. During the "519" crash in 2021, he made a crazy profit of 40 million in a month, and his assets once exceeded 100 million yuan.
However, in 2022, his life took a sharp turn for the worse. Due to the failure of high-leverage transactions and family disputes, his debt soared to 200 million. He was also accused of not repaying his debts and defrauding funds. There were even reports of mental disorders and hospitalization. His Weibo and Twitter accounts were also restricted, and his reputation plummeted.
At the beginning of 2025, there were rumors on the X platform that he "earned nearly 100 million through contract trading overnight" and had paid off part of his debts, which seemed to show signs of a comeback, but the statement has not been confirmed and controversy remains. Supporters praised his resilience, while critics denounced him as a pure gambler.
From becoming rich with a thousand yuan of capital to owning billions of assets, and then to being heavily in debt, Liang Xi's life is like a roller coaster, which also reflects the speculative nature of the currency circle. His paranoid personality stems from a rough childhood. He entered the currency circle at the age of 17 and became famous at the age of 22. Now his whereabouts are a mystery. He is not only a legend in the currency circle, but also a microcosm with great warning significance.
