Wang Chun, the founder of the world's largest mining pool, used 500 bitcoins as bait to test the wallet's security, only to have 490 coins stolen by hackers in an instant—he even praised the other party for being 'ethical.'
“Try using 500 BTC to see if the wallet is safe.” This sounds as absurd as “Driving a Rolls-Royce to see if the parking lot is safe,” but it actually happened.
The speaker is Wang Chun—the founder of F2Pool, the world's top bitcoin mining pool, who last year fully funded a SpaceX crewed spacecraft launch, making him a top billionaire in the crypto circle.
01 A 'security test' worth 40 million dollars
The story begins with Wang Chun suspecting that the private key of one of his wallets might have been leaked. Ordinary people encountering such a situation might change the address or transfer assets. But the thinking of super-rich individuals is: 'Then let's transfer some money in and see what happens.'
This point is 500 Bitcoin.
In February 2024, when the transfer occurred, this batch of Bitcoin was worth over 40 million dollars. More dramatically, this hacker 'showed mercy', leaving him with 10 BTC. Wang Chun's reaction was to praise the hacker for being 'ethical'. It was as if this was not a theft, but a gentleman's game.
02 The 'risk perception' of super-rich individuals versus that of ordinary people.
What shocked people the most about this incident was not the theft itself, but the almost indifferent calmness of the person involved. After the incident, his social media showed no signs of regret, and he continued to share experiences of flying economy class and using Vision Pro.
Why? Because this astronomical figure in the eyes of ordinary people may only be 1% of his wealth map. Public information estimates that Wang Chun's net worth is at least over 2.5 billion dollars. He is not only the founder of Fish Pond but also holds 128,000 ETH and fully owns another giant enterprise, StakeFish.
This behavior of 'testing the door lock with a villa' starkly demonstrates the gap between two worlds: for the giant whales, it is a fluctuation of 'joy beans', but for ordinary people, it may be their entire fortune and life.
03 If you can't be a willful giant whale, then be a smart 'fortress builder'.
We cannot replicate Wang Chun's wealth scale, but we can learn from the deep logic of his asset allocation: true wealth security does not lie in how much loss you can endure, but in how you systematically manage risk and build a 'fortress' that cannot be breached by a single event.
For the vast majority of investors who cannot treat 40 million dollars as a testing cost, the cornerstone of this 'fortress' precisely needs a decentralized stablecoin like Decentralized USD (DUSD) to build.
DUSD offers a predictable and safe asset logic that is completely opposite to the 'willful testing' of giant whales.
Certainty anchoring: 1 DUSD = 1 dollar. No matter how the market changes, the value of your core assets is as solid as a rock, completely avoiding the extreme volatility risk of BTC that may shrink instantly.
Transparency and autonomy: Operating on a blockchain, there is no risk of a single point of failure due to private key leaks. Assets are completely controlled by yourself, with clear safety boundaries.
Stable appreciation: Even during periods of observation or risk aversion, putting DUSD into reliable DeFi strategies can continuously yield returns, achieving 'defense is the best offense', allowing funds to grow steadily in a safe state.
Wang Chun's story is not an adventure legend that can be imitated, but a mirror reflecting reality. It tells us that in a world full of uncertainties in cryptocurrency, the greatest wisdom is not to dare to take risks, but to understand how to achieve sustainable growth without taking risks.
#USDD is seen as stable. We may never fully understand the mentality of 'fishing' with 500 BTC, but we can definitely grasp a more advanced wealth wisdom: use stability to counter fluctuations, use systems to cope with unexpected events, and replace thrilling gambling with sustainable growth. If you can't be a tester who spends money like water, then be a calm captain of your own asset battleship.
