There has never been a shortage of stories of success and wealth in the currency circle, but after tasting the wonderful taste of victory, there are also stories of reversals that fell from heaven to hell overnight. Just earlier this week, the 22-year-old Chinese youth Liang Xi, known as a "Grassroots Genius Trader", who once created the myth of turning 1,000 U to a maximum of 40 million U during the May 19 crash in 2021, posted a video on Weibo announcing that he would Commit suicide by drinking pesticide.
Today, Dongqu District will sort out Liang Xi’s story for readers and see how he went from being a great god in the crypto to the abyss of despair.
Take a quick look at Liangxi’s story
- On May 19, 2020, Bitcoin once plummeted by more than 30% from US$43,878. The 19-year-old Liangxi relied on high leverage to short, and his wealth accumulated up to 40 million U. He was known as the god of contract war.
- In the second half of 2021, Bitcoin rose again, but this time Liang Xi, who looked in the wrong direction, was liquidated.
- In 2022, Liang Xi borrowed money from various crypto. In October, Justin Sun and the founder of Huobi, Du Jun, announced that they would each unconditionally provide Liangxi with 50,000 US dollars in trading funds, allowing him to open a contract on Huobi Live. Although it attracted a lot of popularity, the assets still returned to zero soon after. .
- In 2023, Liangxi exposed that the Chinese coin dealer Fu Lu Shou was cheating, had a bad relationship with a group of traders in the community, and was rumored to have cheated on money with his girlfriend. It broke out that he was admitted to a mental hospital and was suspected of suffering from paranoia.
Coming from a loveless family
It is understood that Liang Xi’s real name is Geng Zhiyu. He was born in 2002 and comes from a single-parent family. He used to be a young swimmer in Jinan City who achieved great results, but was sent to an Internet addiction rehabilitation school because of his addiction to games. In 2022, it was reported that he was sent to a mental hospital by his father due to schizophrenia. He was detained by the Jinan police many times for fighting and gambling .
In addition, the relationship between him and his father is also not good. It is rumored that when Liang Xi made a lot of money, because he was underage, he deposited the tens of millions of yuan he earned into his father's account; but when he lost money and wanted to get back the money , his father ignored him at all, and the two sides often cursed and even violently clashed, which also earned him the title of filial son in the crypto.
After losing all his wealth, he turned to Internet celebrities
After the 2021 bull market misjudged the direction and suffered heavy losses, Liang Xi’s social media in China has attracted a lot of traffic. He quickly became popular and after his account was banned many times, he later switched to X (Twitter).
On October 17, 2022, when Liang Xi started his first Twitter Space live broadcast, the data showed that more than 56,000 people participated, and more than 9,000 people were online at the same time, setting a Chinese encrypted Twitter record, and even boarded Twitter Global Real-time Space ranks first.
Is he really a trading genius, or is he just lucky?
I really don’t know whether to say that Liang Xi is lucky? Still bad luck. He made wealth in a short period of time during the 519 market that happens every few years that ordinary people may not be able to accumulate in a lifetime.
However, without learning the basics of risk control, he developed a trading strategy of high-leverage billing. As a result, according to his post on Weibo in the middle of this year, the amount he owed has reached 130 million yuan.
Then remind us that people can only earn wealth within the scope of their own cognition after all, and his myth of skyrocketing and plummeting has only become an anecdote for the people who eat melons in the crypto, which is embarrassing.
Drinking pesticides live this week
And just yesterday, the 7th, Liangxi himself posted on social media that he would commit suicide by drinking pesticide tablets. His mental state in the film was obviously not stable. After apologizing to those who supported him, he took out a bottle of powerful insecticide called "Dichlorvos" and drank it in an attempt to commit suicide.
At the same time, he also left a long complaint on the community, saying that he was forced to go to a dead end:
When I died, I was forced to die by Chen Zhichao. He has been making rumors out of context to smear me. I will sort it out tonight. Record.
I will make a video, this is the last video, remember to watch it until the end, I am sorry to all my friends! I'm very sorry! I was forced to death by Chen Zhichao, please remember, there is no way out, Chen Zhichao has always felt that I dare not die because I owe money to my other friends, I don’t want to die, give me a night to tidy up and say goodbye to everyone , Those who fan the flames will go to hell. If I don’t drink medicine today, I’ll be hit by thunder. When I used Chen Zhichao’s trumpet, his wife also told me that he lied a lot. Only those who understand Chen Zhichao’s reality will know How disgusting he is. After tonight, all the Liang family members collectively called the police to defend their rights. Chen Zhichao sent bi. I will sort out all the evidence and see how this guy messes with me...
Note: It is not yet known who the Chen Zhichao accused by Liangxi is? Maybe one of his creditors
However, in his Weibo message, some people said that Liangxi was just showing off, that the pesticide he drank had actually undergone other treatments, and that the ambulance came immediately after drinking it, and others criticized him: "Lying is addictive." I'm still trying to save face", "I'm really mentally ill"...
Because Liangxi had planned to launch his own investment DAO and community with bills before, it was also rumored that he was involved in lawsuits. Some people said: "I hope that after you go to prison for a few years, you may change your mind. I really don't like it." I hope you get this far..."
At present, Liangxi’s Weibo since he posted the news of his suicide yesterday, it seems that only his assistant has posted a complete video and statement. There is no further explanation about his actual physical condition, which has yet to be verified by time.
