Liangxi is a name that cannot be avoided in the cryptocurrency circle. He is labeled with too many tags: genius, gambler, legend, fraudster... Some say he is a god of contracts, while others call him a crazy gambler. His life, like a roller coaster, experiences great ups and downs, representing the most absurd script of the cryptocurrency world.
His real name is Geng Zhiyu, born in 2002 in Shandong. In 2019, at the age of 17, he entered the cryptocurrency world with his father's identification, starting with 1000 yuan, using high leverage and high-frequency trading, carving out a path through extreme volatility, quickly emerging into the spotlight.
What truly made him a "deity" was that deep night of "519" in 2021. Bitcoin halved overnight, many collapsed and were liquidated, while he counter-attacked, reportedly earning 40 million, with a peak net worth exceeding 100 million. At that time, he was seen as a "daring and fateful" genius boy, a wolf sniffing out blood in the leverage game.
However, leverage can elevate you to the altar overnight, but it can also bite back in an instant. After 2022, several misjudgments, coupled with family disputes and financial breakdowns, dragged him into the abyss. There were rumors that he was in debt up to 200 million, accused by many of owing money and fraud, his social accounts were banned, and rumors of "mental breakdown and hospitalization" spread. That once radiant boy seemed to have completely fallen.
However, the story is not over yet. In early 2025, someone suddenly exposed on platform X that Liangxi "earned nearly 100 million in a single night contract," quietly repaying debts and intending to make a comeback. No one verified the truth, and he remained as silent as a riddle. Yet this news quickly spread throughout the community—people still wanted to believe, or rather, were willing to consume this dramatic narrative.
Looking back at Liangxi now, he is no longer just a player. He is like a living fable of the cryptocurrency world: starting from a thousand yuan to billions in assets, then falling from the altar into the quagmire of debt. He shows us the blurred and deadly boundary between luck, courage, greed, and risk.
No one knows where he will go next. But it is certain that Liangxi has become a symbol of this era's cryptocurrency world: concerning speculation, about extremes, and also about the price.
