The Incredible Story of How Wei Zhang Lost 99,000 $BTC — Worth $11 Billion Today
In 2010, 16-year-old Chinese student Wei Zhang discovered Bitcoin. With just $10, he bought thousands of coins worth less than a penny each — a decision that would make and break him.
By 2014, Wei launched CryptoLeap, the world’s first crypto margin trading exchange. It became a global hit, and by 2017, he had amassed 99,000 $BTC making him one of crypto’s richest figures.
In 2018, a phishing email posing as a VC firm tricked Wei into entering his login details. Hackers drained every coin from CryptoLeap’s wallets. The $BTC was quickly laundered beyond recovery.
The hack destroyed investor confidence, lawsuits piled up, and Wei shut down CryptoLeap. Today, those lost coins would be worth $11.4 billion.
Instead of vanishing, Wei turned to cybersecurity advocacy, teaching others how to protect themselves online — a hard-earned lesson that fortunes in crypto can vanish in minutes without vigilance.
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