💔 The Teen Who Lost 99,000 Bitcoins — Now Worth $11B
In 2010, 16-year-old Wei Zhang from China discovered Bitcoin when it was worth less than a penny. With just $10 in savings, he bought nearly 100,000 BTC — a sum that seemed meaningless back then.
By 2013, his tiny investment had turned into a fortune. In 2014, at just 19, Wei launched CryptoLeap, the first crypto margin trading exchange. It became a global hit, and by 2017, he was one of the biggest names in crypto, holding 99,000 BTC.
But in 2018, everything changed. Wei clicked on a phishing link disguised as a VC partnership proposal. Hackers stole his login credentials, took control of CryptoLeap, and drained all funds — including his entire BTC stash. Within minutes, $11B (at today’s value) was gone forever.
The hack destroyed the exchange, crashed Bitcoin’s price, and forced Wei to step down. Instead of disappearing, he rebuilt his life as a cybersecurity advocate, teaching others how to avoid his mistakes.
His rise and fall remains one of crypto’s most powerful lessons: In this space, fortunes can vanish in seconds.
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