This morning I was looking at the gossip about Zou Shiming and Ran Yingying. They said Zou Shiming owes more than 200 million yuan in debts, including about 160 million yuan lost on a boxing gym in Shanghai. The show didn’t mention it, but another 40 million yuan was lost in virtual currency.

He bought EOS worth 40 million. EOS launched its mainnet in 2018. It once raised about $4.1 billion through what was said to be the largest ICO in history. At its peak, the coin price was 22.89 USDT; now it’s around 0.073 USDT. In other words, the price has been cut in half, then cut in half again hundreds of times—loss of 99.5%+.

Out of that 40 million, it’s estimated he now has only about