đš **The Heartbreaking Tale of Losing $6 Billion in Bitcoin** đš
In 2010, a Chinese investor named Wei Zhang turned a mere $10 into a colossal fortune by buying thousands of Bitcoins when they were worth less than a penny. His early bet paid off spectacularly, and by 2017, Weiâs Bitcoin holdings had skyrocketed to 99,000 BTCâvalued at billions.
With his newfound wealth, Wei leveraged his technical expertise to create CryptoLeap, the worldâs first crypto margin exchange, launched in 2014. However, in early 2018, disaster struck. A sophisticated phishing attack compromised CryptoLeapâs security, leading to the theft of Weiâs entire Bitcoin stashânow worth a staggering $6 billion.
The theft resulted in the collapse of CryptoLeap and forced Wei to step down. Despite the immense loss, Wei redirected his focus to cybersecurity, becoming a leading advocate for stronger protections in the crypto space. His experience and lessons learned are now guiding efforts to safeguard future investors.
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