"From a billionaire to a WeChat ban: How did the big shot who got rich from FIL become a deadbeat unable to even take the high-speed train in just 3 months?"

In the cryptocurrency world, the basic ratio of making money and losing money is 1 to 9, with 10% not owing anything and even making a profit, while 90% are losing money.

Having witnessed too many ups and downs in these recent bull and bear markets, once-prominent figures are now driving ride-hailing cars, and those we once looked down upon are now surrounded by luxury cars and beautiful women...

Of course, there are many more ordinary people like you and me, who do not have the experiences of the big shots and do not have the pasts of losers; in the cryptocurrency world, they are just ordinary people who have been obliterated.

Take the last bull market as an example. There was a big shot who invested in FIL, also invested in mining machines, and after FIL skyrocketed hundreds of times, he had assets worth over a billion. When he saw us brothers who once advised him, it could be said that his nose was in the air.

Although he still had a Mercedes picking him up and we drank together, he always placed himself in the center, casually calling my driver to...

As a result, during this bear market, when FIL dropped to over 50, he was preparing to buy the dip. He had indeed asked for our opinions before, and our advice was to not touch it, as the chance of something that had become garbage having a second spring was very low. However, he no longer trusted us, believing that we were blocking his financial path, and listened to the advice of his little uncle, who said FIL had its own lucky buff.

So he chose to go all in on FIL, and the result was predictable...

The harshest part was that he thought since it had fallen to 10, it definitely wouldn't drop further, so he continued to increase his position and leverage, already blinded by greed. As a result, the wealth of this big shot who made his fortune from FIL basically went to zero in just a few days; he sold his Mercedes, sold his company, laid off employees, and his account barely had enough for food and drink.

At this point, he thought of us old friends and said he wanted to borrow some money...

However, I lent him several tens of thousands, and now the person has disappeared and hasn't been online.

Later, I searched for this person's information online and found out he was in legal trouble, listed as a dishonest person, and banned from taking high-speed trains and flights, with his WeChat funds also frozen (mainly because the money transferred in was automatically frozen).

This is why we always tell everyone in our articles, never to trust anyone in the cryptocurrency world. Once you lend out money, even if you know the other party's real information, it's almost impossible to get it back.