Recently, Liang Xi's name again trended on social media, this time because of a liquidation in trading. This guy's story is truly a legend in the crypto world, but it sounds more like a high-risk tragicomedy.

Liang Xi's real name is Geng Zhiyu, 24 years old, born after 2000. He rose to fame in the crypto circle during the May 19, 2021 incident. At that time, he used only 1,000 yuan from his father's bank card, combined with 100x leverage to short Bitcoin, and in just one month, he turned his funds into hundreds of millions. At his peak, his assets were reportedly over 40 million. During that period, he slept less than 5 hours a day, traded at an absurd frequency, making 1,454 trades in a week—about 8.65 trades per hour. Honestly, this kind of operation is like dancing on the edge of a knife.

After gaining fame, Liang Xi posted photos of luxury cars, designer goods, and trading screenshots online, even revealing his bank card balance, and wrote that he was worth over a billion at 19. This immediately attracted a lot of attention, but doubts also arose. He also experienced some outrageous incidents, including conflicts with his father and being sent to a mental hospital. He repeatedly shared these experiences on Twitter, sometimes angry, sometimes self-deprecating, as if telling stories to his fans.

But the cruelty of the crypto world is that, when Bitcoin rebounded in the second half of 2021, Liang Xi's judgment failed. He was liquidated repeatedly, and his funds quickly went to zero. After that, he didn't change his high-leverage style, always trying to make a comeback, but almost every time he failed. He once said that if he was given 1,000 yuan again, he could turn it around, but he still lost everything. Netizens nicknamed him the "Zeroing Master." By 2022, he was completely wiped out, losing over 50 million yuan, and by early 2025, his debts had reached 200 million RMB.

During 2022 and 2023, Liang Xi was repeatedly rumored to have been sent to a mental hospital due to debt and emotional issues. He posted some worrying comments on Twitter, and there were reports that he was hospitalized after drinking pesticide. In 2024, his life was quite difficult, often relying on charity to get by.

But this is the magical part of Liang Xi's story. When the crypto market declined again in 2025, Liang Xi surprisingly made a comeback. He used just a thousand yuan as capital and, in front of everyone, reportedly paid off 200 million in debt. This turnaround is truly remarkable. No matter how Liang Xi operates next, this second comeback story alone is already legendary. Some say that if he still has debts to pay next time, there will be no shortage of buyers eager to buy.