🌙 The Teen Who Lost 99,000 Bitcoin — A $11 Billion Mistake🚀🚀
In 2010, a technically curious Chinese teenager named Wei Zhang discovered Bitcoin—then worth less than a penny. With a mere $10 in his pocket, he bought thousands of BTC and began hodling like one of the early believers.
Over the next few years, Bitcoin's price surged. By the time Wei was 19, he'd founded CryptoLeap, the world's first crypto margin-trading platform. His platform boomed, his reputation soared, and by 2017, he held a jaw-dropping 99,000 BTC—making him one of the richest names nobody had heard of yet .
But in early 2018, everything changed.
Wei received a well-crafted email from what he thought was a major venture capital firm. Excited at the prospect of growth, he clicked the link—and that single click triggered a phishing attack. The hackers ingratiated themselves into CryptoLeap’s admin panel and, within minutes, drained 99,000 BTC—valued in the billions today .
CryptoLeap collapsed under legal pressure and plummeting trust. Lawsuits were filed and regulators closed in. The once-celebrated teen visionary became a cautionary tale.
At today’s prices, that would be an $11+ billion fortune gone in a flash .
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Lessons from Wei’s Fall 🎓
1. Phishing kills portfolios
A single malicious email link was enough to end his empire. Whether you’re handling 10 BTC or 99,000, vigilance matters.
2. Never underestimate trust in tech
Wei chose to believe the VC firm was real—an understandable mistake, but a harsh reminder that in crypto, identities are cheap and emails can be traps.
3. Innovation without security is a ticking time bomb
CryptoLeap revolutionized margin trading. But no matter how groundbreaking, without airtight security, everything can collapse.
4. Redemption isn’t off the table
According to the story, Wei didn’t vanish. Instead, he doubled down on cybersecurity—becoming a mentor and advocate for stronger protections in crypto .
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