BTC $83,952.67 -0.14%
ETH $2,690.65 +0.62%
BNB $773.72 -0.32%
XRP $1.59 +5.67%
SOL $119.50 +3.98%
TRX $0.3370 -0.86%
DOGE $0.0976 +3.90%
ADA $0.2540 +5.11%
BCH $333.96 -0.75%
LINK $14.01 +12.49%
HYPE $92.46 -0.07%
AAVE $148.84 +5.65%
SUI $1.12 +14.94%
XLM $0.2211 +8.71%
ZEC $1,594.52 +5.28%
AAPL $335.44 -0.18%
AMZN $248.80 +0.61%
GOOGL $345.49 +1.92%
MSFT $510.02 +3.27%
META $755.94 -0.45%
NVDA $225.56 +1.11%
TSLA $373.95 -1.04%
SNDK $1,810.75 +2.90%
INTC $125.88 +2.04%
SPCX $148.44 -0.11%
MU $1,107.48 +5.35%
AMD $633.22 +2.17%
BTC $83,952.67 -0.14%
ETH $2,690.65 +0.62%
BNB $773.72 -0.32%
XRP $1.59 +5.67%
SOL $119.50 +3.98%
TRX $0.3370 -0.86%
DOGE $0.0976 +3.90%
ADA $0.2540 +5.11%
BCH $333.96 -0.75%
LINK $14.01 +12.49%
HYPE $92.46 -0.07%
AAVE $148.84 +5.65%
SUI $1.12 +14.94%
XLM $0.2211 +8.71%
ZEC $1,594.52 +5.28%
AAPL $335.44 -0.18%
AMZN $248.80 +0.61%
GOOGL $345.49 +1.92%
MSFT $510.02 +3.27%
META $755.94 -0.45%
NVDA $225.56 +1.11%
TSLA $373.95 -1.04%
SNDK $1,810.75 +2.90%
INTC $125.88 +2.04%
SPCX $148.44 -0.11%
MU $1,107.48 +5.35%
AMD $633.22 +2.17%

pro

All
Article
Flash

Caixin: Poker expert Hu Zheweng has suffered three consecutive losses in the cryptocurrency market and has filed a lawsuit against Jump Trading and Chinese professor Zhang Yongfeng

According to Caixin, poker master and seasoned cryptocurrency investor Hu Zheweng made significant bets during the three waves of cryptocurrency frenzy involving ICOs, algorithmic stablecoins, and AI tokens, but faced consecutive failures. Hu Zheweng claimed to have invested in the blockchain project Stratis, achieving a return of "over 1000 times."According to disclosed information, Hu Zheweng invested approximately 80 million USD in algorithmic stablecoin TerraUSD (UST) and its sister token LUNA from May 2021 to May 2022, with the peak market value of his holdings exceeding 800 million USD, but the price of LUNA subsequently nearly dropped to zero.In addition, Hu Zheweng has filed a lawsuit in Chicago, USA against the globally renowned quantitative trading firm Jump Trading and its related companies and executives in the cryptocurrency business, seeking at least 500 million USD in damages. After experiencing Stox and Terra, Hu Zheweng has not left the cryptocurrency market; last January, he bet on a new project by a Chinese computer professor Zhang Yongfeng. Zhang Yongfeng entered the Computer Science Department of Tsinghua University in 2007 and is currently a tenured associate professor in the Computer Science Department at Rutgers University in the USA. He has been sued by Hu Zheweng on multiple charges including "securities fraud." It is reported that the tokens issued by the organization founded by Zhang Yongfeng, in which Hu Zheweng invested millions of dollars, have fallen over 99.6% from their peak in 2025.
app_icon
ChainCatcher Building the Web3 world with innovations.