Written by: gyro-rich
A picture of Mr. Pao, a recollection of the past。
Only a few days ago, Master Bao suddenly tanned a photo of Zhao standing at Crypto Valley in a white sports jacket with a smile and hope for life. After the news came out, social media rarely triggered a series of memories of the past, even when it was assumed that Zhao Dong had been released from prison before he appeared in the United States. Despite the rumours of the late Master Bao, that it was 18 years old, Zhao Dong spread a little bit on the water, which calmed the circle。
why do you care so much about a penthouse that is already in prison? zhao dong may be ordinary, but his story is worth hearing。
Zhao Dong was born in the Shanxi countryside in 1982 and graduated from the Dalian University of Transport, unlike other seniors who had been studying at the University, even though he had been downgraded for two years because of the subject, but had also learned software techniques and taken the path of technological extremists. In the east wind of the Internet, after graduation Zhao Dong and alumni plough made an Internet weather forecast AP— — inklight weather. Perhaps most people are not familiar with the app at this time, but in 2011 the number of AP users used as a tool category alone exceeded 10 million, and it is not too much to call the tool head. The gap between technocrats and business seems to be natural, and as teams continue to expand and contradictions grow, Zhao Dong eventually left the inklight weather in 2012. Fortunately, Zhao Dong managed to earn the first barrel of gold, which is said to be 7 million。
Zhao Dong, who left the inklight weather, joined the garage coffee shortly and started a second business as CTO. In 2013, when Bitcoin made its first leap, the wonder of the garage was that Lilin, Seo-sung, Zhao Chang Peng, Chang-gu, and Zhou Zhou Zhou Zhou Zhou Zhou Zhou Zhou Zhou Zhou Zhou Zhou Zhou Zhou Zhou Zhou Zhou Zhou Zhong Zhong began to turn Zhao Zhong Zhong Zhong life. By way of a friend's letter to CEO Wu Gang, he bought the first bitcoin in his life for $400 and entered the digital currency circle. Before the purchase of the currency, the technocratic Zhao was drawn to the block chain & ldquo; the code is the law & rdquo; the logic is deeply infuriated, even more so when he personally tries to buy the currency。
The first shot was 10,000 yuan, 10,000 yuan, 10 bitcoins were bought, two weeks were skyrocketed, and Zhao Dong saw the benefits add up to half a million, adding up to one million dollars. With Bitcoin’s continued surge, Zhao’s wealth grew rapidly. By the end of 2013, Zhaodong’s holdings of bitcoin had already surpassed 15,000 bitcoin, at the price of 8,000 yuan at the time, and his home had surpassed billions at the current price of $110,000. And with the benefits of ready-made connections and real silver and silver, Zhao’s understanding of the money ring is no longer limited to arbitrage and cash, but has begun to shift from investors to deep builders, not only playing with futures contracts, but also with mining。
But market education is equal for all, and in 2014, when the breakout brought Bitcoin down from the wind, the price of Bitcoin suddenly collapsed from over $600 to $102, and Zhao Dong, who continued to leverage, suffered a major setback, according to his micro-clinic, when on 10 February 2014 it lost more than 9,000 bitcoins, at a rate of $8 million, only to begin with the mine losses, which in 2014 alone amounted to more than 150 million yuan, with only 100,000 cash and 60 million yuan in debt。
THIS IS PRECISELY WHY ZHAO DONG, ANXIOUS TO USE MONEY, DISCOVERED THE OFF-SITE OTC BUSINESS OPPORTUNITY. AT THAT TIME, OTC WAS UNDOUBTEDLY THE RIGID DEMAND OF ALL CURRENCY CIRCLES, AND HOW SUCCESSFUL IT WAS IN MAKING MONEY AVAILABLE WAS ALSO A PROBLEM FOR EVERYONE ON THE MARKET. WITH A STRONG HUMAN AND RESOURCE BASE, ZHAO DONG HAS SUCCESSFULLY BUILT A VAST NETWORK OF OTCS. ZHAO DONG IS ABLE TO EARN A PROFIT FROM THE COST OF THE TRANSACTION AND THE DIFFERENCE BETWEEN THE BUYER AND THE BUYER。
According to him, “ on the credit that I had accumulated, I made off-the-shelf deals, the worst of which was less than 3,000 yuan and a profit of 60 yuan. At best, a deal is close to $100 million. & Rdquo; in August 2015, Zhao Dong Hao Weibo stated that he had achieved $30 million in transactions within a month and that the transaction fee was 2 per cent. In this way, in less than two years, Zhao Dong was born not only to pay off his debt to the OTC, but even to take advantage of the wave of ICO to set up a fund that focused on block chains. Zhao Dong is also a preacher of Bitcoin, and in a widely circulated picture, he says &ldquao; if you don't buy bitcoin this year, it's $100,000 &rdquao; it's also a phrase. Interestingly, while DFund claims to have invested in a number of star projects, many of the feedback from investors on Twitter has not been received。
In 2016, Bitfinex was hacked and nearly 120,000 bitcoins were stolen, with a total value of over $65 million. As the largest bitcoin/dollar trading platform in the world, this theft has triggered a boom in the market. Zhao Dong was also one of the victims and, as compensation, Zhao received the BFX coin issued by Bitfinex, which also became the starting point for Zhao Dong and Bitfinex。
It is also on this basis that Zhao Dong is connected to the USDT issuer, Tether, along the link with Bitfinex, and has further developed the lending business as a well-known Chinese stationer of USDT. In that context, in 2019, Zhao Dong founded the P2P Loan and Wallet Start-up Project, the Renrenbit, to re-establish the career map. In one hour, Zhao Dong-tung was the best in the world, and it was so much fun。
There are no days to spend, and no days to spend. Zhao Dong, looking at his career, was in trouble. On 2 July 2020, market sources reported that Zhao Dong had been taken away by the police. This information was subsequently confirmed. The charges have also changed since Zhao Dong was first arrested for illegal business, but was subsequently sentenced for two years for money-laundering and aiding and abetting, and was found to have been involved in the illegal trade in foreign currency during the People ' s Court of West Lake, Hangzhou City。
According to the Model Cases of Punishment of Foreign Exchange-Related Offences issued by the Supreme People ' s Procuratorate on 27 December 2023 in the Public Prosecutor ' s Office, Zhao Dong ' s two main acts touch the legal red line. The first is illegal payment settlement operations. Knowing the illegal origin of the money of others, personal bank accounts continue to be used to collect the renminbi and to profit from the virtual currency of Yogo, which is traded in the amount of over $24.29 million. Zhao Dong earns $35,000; the second is illegal foreign exchange. The exchange and payment of foreign currency and renminbi to others amounted to more than RMB 4,385,000 between March and April 2019, making a total of RMB 870,000。
THE BENEFITS ARE NOT SIGNIFICANT COMPARED TO THE BENEFITS, BUT THEY ARE NOT. IN THE END, ZHAO DONG WAS SENTENCED TO SEVEN YEARS ' IMPRISONMENT AND WAS REDUCED FROM THE TOP TO THE TOP OF THE OTC. LOOKING BACK AT ZHAO'S EXPERIENCE, FROM A BITCOIN TO A DOUBLE PRICE, TO THE COLLAPSE OF THE WAREHOUSE, TO THE RE-EMERGENCE OF THE PRISON THROUGH THE OTC EAST MOUNTAIN, THE EXPERIENCE OF FALLING AND FALLING IS LEGENDARY AND HIS PERSONAL EXPERIENCE IS A MICROCOSM OF INDUSTRY DEVELOPMENT。
It is also true that it was only after Mr. Zhao sent the photo that people began to speculate whether Zhao Dong had been released from prison, and this led to extensive discussion. Of course, with the rumours of Mr. Po and the subsequent statements by informed sources that Zhao Dong has not yet been released from prison, Zhao Dong applied for parole last month, but has not yet been successful, according to information disclosed by Zhejiang prison in the western suburbs。
Despite the prison conditions, Zhao Dong is still a man of great wealth. The reason is that it owns Tether's early shares, and the passive lock-in of Bitcoin is now also high in nominal terms, so Zhao Dong, after his release from prison, is still a good man。
The year 2013 has been marked by the rise of the OG group, but the development of the OG today is a cause for concern. The roasted cat is still nowhere, Huey is going to commit suicide, and Li smiles to make enough money, leaving a sentence & ldquo; Bitcoin is a scam & rdquao; and twilight turns and Master Po is still active, but has opened his luxury journey and even bought a cabbage estate. The bastard Xue has built a small road and still has to cut herbs。
It's very interesting that almost all the exchange bosses are still on the front line. Lee Lin, who had set up the fire money with his own hands, had returned to Hong Kong with new fire technology, and had left the mainland with all the great law enforcement kits, all of which he had welcomed, but were now at the top of the ring. Sun was so interested in marketing, Tron's heat remained intact, with Seo's star, who was ready to contribute to the country's ideas, OKX, and he was the world's largest exchange, and had been connected to Abu Dhabi, while Zhao Zhang Peng, who had been in jail for four months, remained in his hands。
Today, with the liberalization of regulations in the United States and Hong Kong, China, etc., the currency circles have changed. As Paul S. Atkins, President of the United States at the first OECD Global Financial Markets Round Table, said & ldquo; we have to admit that the era of encrypted currency has come & rdquo; indeed, a new era of encryption is beginning. However, even if the President of the United States came to the stage, the money ring was no longer being shouted at, but was forced to follow the rules of traditional finance, to suffer from the vicissitudes of water and soil, to travel to the wild west, to dig for gold in the grey areas, and to come to the centre of power in the currency circle, while the original OGs, who were able to stay and develop in the sands of the Great Wave, were better known as the luckiest。
IN APRIL OF THIS YEAR, IN HONG KONG, THE FORMER OGS CAME TOGETHER AGAIN TO MAKE A SCENE OF LAUGHTER. AGAIN, OGS, WHO ARE RICH AND PRICED MORE FOR FREEDOM AND WHO ENJOY THE GOOD OF WEALTH AND FREEDOM, SEEM TO HAVE NO OTHER EXPRESSION THAN TO LAUGH。