In 2010, a 16-year-old Chinese high school student named Wei Zhang stumbled across an obscure concept making quiet ripples in online forums: Bitcoin. Intrigued by the promise of a currency beyond banks and governments — and armed only with curiosity and some tech skills — Wei decided to dive in.
With just $10 in savings, and Bitcoin trading for under a penny, he bought close to 100,000 BTC — an amount that seemed laughably insignificant at the time.
From Curious Teen to Crypto Trailblazer
Over the next few years, Wei watched Bitcoin’s value soar from a niche experiment to a global phenomenon. By 2013, his $10 stake had transformed into a life-changing fortune.
Not content with simply holding his coins, Wei aimed higher. In 2014, at just 19, he launched CryptoLeap — the first cryptocurrency margin trading platform, allowing users to borrow funds to multiply their gains in volatile crypto markets. The idea took off like wildfire, drawing traders from every corner of the globe.
By 2017, Wei had become a crypto industry powerhouse, personally owning 99,000 BTC and running one of the most influential exchanges of its time.
The Click That Changed Everything
In early 2018, Wei received what seemed like an email from a respected venture capital firm proposing a lucrative partnership. Attached was a professional-looking pitch and a link to a “secure” document.
Without a second thought, Wei clicked.
The link was a carefully crafted phishing trap. Within minutes, hackers had his credentials, full admin access to CryptoLeap, and the ability to drain every wallet on the platform — including Wei’s own stash.
Collapse and Consequences
News of the massive theft spread instantly, sparking panic among CryptoLeap’s users and a sharp drop in Bitcoin’s price. Lawsuits rolled in, regulators stepped in, and Wei, crushed by the loss, resigned as CEO before shutting the exchange down for good.
An $11 Billion “What If”
At today’s prices, those lost 99,000 BTC would be worth over $11 billion. Wei’s meteoric rise and devastating fall stands as one of crypto’s most famous cautionary tales — proof that even the brightest minds can be undone by a single lapse in security.
A New Mission
Refusing to vanish into obscurity, Wei turned his focus to cybersecurity, dedicating himself to teaching others about digital safety and designing stronger protections for the industry he once dominated. His story is now a rallying cry for constant vigilance in the digital era — a reminder that in crypto, fortunes can disappear in the blink of an eyes
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