Just got liquidated again on the copy trading of Liangxi, this guy's story is truly a legend in the crypto world.

The name Liangxi is well-known in the crypto circle. He's a 24-year-old post-00s, whose real name is Geng Zhiyu. His background sounds almost unbelievable—he was a national-level first-class swimmer at age 10, won the Hebei Province King of Glory championship at 15, but later was sent to a cyber addiction rehab school by his father due to gaming obsession. This experience seemed like a setback but actually tempered his mental resilience and helped him earn his first 200,000 yuan through gaming and live streaming.

Liangxi became famous in 2021 during the 519 incident. At that time, he used only 1,000 yuan from his dad’s bank card, leveraged 100x to short Bitcoin, employing quick in-and-out trading and rolling strategies, turning his funds into tens of millions within a month. At his peak, his assets reportedly exceeded 40 million yuan. He slept less than 5 hours a day, traded up to 1,454 times weekly—about 8.65 times per hour—relying on this crazy trading rhythm and sharp market intuition to catch the trend of a one-sided decline.

After gaining fame, Liangxi started showing off luxury cars, designer goods, trading screenshots online, even revealing his bank card balance, and claimed he was worth over a billion at 19. This definitely drew a lot of attention but also some skepticism. That same year, he had conflicts with his father over fund management. His father wanted to control his assets, while he accused his father of betrayal, and eventually he was sent to a mental hospital. Later, he detailed on Twitter his experience of being restrained and forcibly treated—he often mentioned this experience, sometimes angry, sometimes with self-deprecating humor.

Things didn’t last long. In the second half of 2021, Bitcoin rebounded, and Liangxi misjudged the market, leading to multiple liquidations and his funds quickly evaporated. He continued to trade with high leverage, trying to turn things around repeatedly, but mostly failed. He even publicly said that if given another 1,000 yuan, he could turn it back into profit, but he still lost everything. Netizens jokingly called him the “Zeroing Master.” By 2022, he was completely wiped out, losing over 50 million yuan, and by early 2025, he owed 200 million RMB.

In 2022, Liangxi was again hospitalized due to debt and emotional issues. He hinted on Twitter that he was locked up again. In 2023, things got even more outrageous—rumors circulated that he attempted suicide by drinking pesticide under debt pressure, though not fully confirmed. He posted that life was meaningless and he wanted to reset everything, and netizens also reported he was hospitalized for emergency treatment, making this story quite credible.

In 2024, Liangxi’s life became very abstract—often relying on charity to get by, even lacking small amounts of money. But by 2025, when the crypto market declined again, Liangxi made a comeback. This time, starting with just a thousand yuan, he managed to pay off 200 million yuan of debt in front of everyone. No matter what, his second comeback is truly impressive—his resilience and execution are remarkable. If there are any more of Liangxi’s debt products next time, I bet many will rush to buy.