Famous internet celebrity Di Shi revealed during a live broadcast that he was set up by his friend Sun Zeyu (founder of Genesis Capital), whom he had known for 8 years in the blockchain circle, resulting in cumulative losses of tens of millions of yuan. He stated that he had always regarded the other party as a reliable friend, not only allowing him to buy cryptocurrencies like Bitcoin and Ethereum but also investing in the exchange that the other party operated in South Korea.

Investigations found that some of the so-called “Ethereum” he received might actually just be fake chain assets specifically built by the other party. Di Shi claimed that there were only 7 addresses on that chain, 6 of which were related to the other party, and only 1 was his own. During this time, the other party was even able to help him “cash out” hundreds of thousands of yuan, making the scam appear extremely real. This scheme lasted for 8 years, and if it had not been discovered in time, the losses could have reached hundreds of millions of yuan after the price of coins increased.