The Shocking Story of How He Lost 99,000 Bitcoins Worth $11 Billion

In 2010, a Chinese teenager named Wei Zhang discovered Bitcoin when it was worth less than a penny. He invested just $10 and collected 99,000 BTC. As Bitcoin grew, so did his fortune. By 2017, Wei became one of the richest people in crypto and launched a successful margin trading platform called CryptoLeap.

But in 2018, he was tricked by a phishing email pretending to be a business offer. He clicked a fake link and unknowingly gave hackers access to his exchange. They stole all 99,000 BTC.

The crypto world was shocked. Bitcoin’s price crashed, and Wei’s company collapsed. That $11 billion is now lost forever.

Despite the tragedy, Wei returned to tech and now works in cybersecurity, helping others avoid the same mistakes.

Follow and like for more true crypto stories.