Some people have become industry leaders, while others continue to deceive and exploit investors.

By: Observer Lao Wang

It's been 7 years in the blink of an eye since 94.

On September 4, 2017, the People's Bank of China and seven other ministries jointly issued the "Announcement on the Prevention of Risks from Token Issuance and Financing," which called for the prohibition of virtual currency trading.

At the same time, it is said that many crypto big shots were also under control:

I. OKX Founder Xu Mingxing

The current crypto leader CZ Zhao Changpeng and He Yi, both used to work at OKX.

After 94, Xu Mingxing also obediently stayed in China to support the government's work.

Even on March 9, 2018, after Zhou Xiaochuan, the governor of the People's Bank of China, expressed his views on digital currency, Xu Mingxing stated that he was ready to donate the company to the country at any time.

OKX is still a top-tier exchange, with most of its main business moved overseas, and Xu Mingxing himself often gives guidance on Twitter.

II. Huobi Founder Li Lin

At the time, Huobi was a dominant force in the crypto industry. After 94, the mainstream exchange most affected was undoubtedly Huobi.

After 94, Li Lin obediently stayed in China.

However, on December 8, 2020, he was taken to Shanxi by the Shanxi police (referred to as the "Shanxi Incident" in the domestic crypto circle), and the duration is unknown.

On March 9, 2021, Huobi founder Li Lin returned to work at the company.

In October 2022, Li Lin sold all his shares in Huobi and posted on his social media that he is no longer the controlling shareholder or shareholder of Huobi Global, and no longer has any authority.

The current Huobi exchange has been renamed HTX and has faded from the top-tier ranks.

III. Binance Founder CZ Zhao Changpeng

In 1989, due to some turmoil at the time, CZ's entire family immigrated from China to Canada.

In 2014, he sold his house in Shanghai, went all in on Bitcoin, and joined OKCoin as a co-founder and Chief Technology Officer (CTO). During his tenure at OKCoin, he fell in love with He Yi.

Binance was only established two months before 94.

After 94, CZ and He Yi resolutely continued to develop Binance and successfully expanded its influence.

Now, Binance is the unmatched exchange in the crypto industry, with a market share far exceeding the second place.

The only downside is that CZ is currently serving a sentence in the United States and is expected to be released at the end of the month.

IV. Tron Founder Justin Sun

TRON was actually established just two months before 94, around the same time as Binance.

So far, it is also the most widely used chain for crypto users to convert to U.

After 94, Justin Sun traveled globally, with his presence in the United States, Singapore, Malta, and Grenada, and recently he has been frequenting Hong Kong.

Despite the reputation of "Sun Cutting," his career has been illustrious, and Tron's market value still exceeds 10 billion, consistently ranking in the top ten cryptocurrencies.

V. Baoye and Xue Manzi

Before 94, Baoye and Xue Manzi could still chat with Zhao Changpeng.

But that's no longer the case now.

After 94, Baoye ran to the United States and bought an estate, naming it "Leek Manor."

But now Baoye's ability to exploit leeks is far less than before, and although he often gives investment advice, the old leeks have long since become wise.

Xue Manzi, known as China's first angel investor, went to Japan after 94 and claimed to have bought a street, naming it "Manzi Alley," with eleven old townhouses.

But recently, it seems that the old man's financial condition is not too good, and despite his age, he still frequently issues tokens to exploit leeks. It's really…

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