Chapter 504 A Draw
"Boss Wang, you and I don't know each other, and we have no conflict of interest, so why bother forcing each other?"

Zhao Changpeng spoke earnestly. Since Lu Liang asked Xiao Wang to handle the case, it meant that Xiao Wang had a certain degree of autonomy.

As long as he resolves this issue with Xiao Wang privately, Lu Liang will lose any reason to target him.

Xiao Wang said in a bad tone, "Mr. Zhao, my account with more than 400 million US dollars was banned by your platform for no reason. Who is forcing me?"

"That is to say, Bitcoin is in a downward trend now. If I fail to repurchase it in time and the price rebounds, who will compensate me for the loss from the purchase and sale?"

Zhao Changpeng was speechless for a moment, and Xiao Wang asked again: "Mr. Zhao, I don't want to make a big deal out of this, so I just want to ask, can you unblock my account now and return the funds to me?"

Lu Lianggang had just told him that if he felt guilty, he could make this request.

If Zhao Changpeng agrees and apologizes, then it will be as if nothing happened.

After all, it is possible that the staff member slipped his hand, or there were other reasons. They are not unreasonable people.

If Zhao Changpeng disagrees, there is no need to be polite to him. That is an account with 4.1 million US dollars, equivalent to more than 27 billion yuan.

Even the central bank does not dare to freeze their accounts easily without legitimate reasons, so they are the victims.

Zhao Changpeng was speechless again, and could only bite the bullet and say: "Mr. Wang, our risk control has detected abnormal transactions. I'm afraid we can't help you unblock your account immediately."

Lu Liang was sure that he would not unblock the account.

This is indeed the case. They used all the $4.1 million to buy Bitcoin and provided it to investors on the platform for short selling, so they cannot take it out now.

Although they can pretend to unblock accounts and cover up the truth, appearing that there is still that much money on the surface, this illusion is easily shattered and cannot withstand any test.

Xiao Wang sneered and asked, "Boss Zhao, how did I offend you?"

Zhao Changpeng said: "Mr. Wang, please trust us. We will quickly investigate and clear your name."

“Who doesn’t talk shit? It’s over. You better pray that Bitcoin, which is in a downward trend, doesn’t rebound.”

Xiao Wang sneered, not bothering to pay attention to Zhao Changpeng, and hung up the phone directly, planning to bring up the above matter tomorrow morning.

Zhao Changpeng heard the busy tone on the phone and, holding on to the last glimmer of hope, dialed Su Shiyi's number.

He couldn't hold it anymore.

After learning the whole story, Su Shiyi sighed: "People always like to use one mistake to cover up another mistake, but they often only get deeper and deeper into trouble until it is irreversible."

He did not ask why he was not contacted at the first opportunity, because the incident had already happened and there was no point in pursuing responsibility for what had already happened.

Zhao Changpeng's heart suddenly sank to the bottom, but there was still one thing he couldn't figure out: why was Lu Liang targeting him so much? Was it just because of a woman?
Su Shimin sneered: "You underestimate Lu Liang. Tonight, all the Bitcoin brokers in the three East Asian countries have been skinned by him, but Binance is special..."

He did not continue: "Let this matter be as it is. As long as we survive, it will be fine. Tomorrow New Horizons will inject another $500 million into Binance and send a professional manager. Please cooperate well with us."

Zhao Changpeng was stunned. The scale of Binance was only US$500 million to US$600 million. If he injected another US$500 million, would Binance still be his Binance?

"Mr. Su Shiyi..." Just as he said this, he heard the busy tone for the third time so far this evening.

Meanwhile, across the ocean.

"Maybe it's really a case of raising a tiger to harm you." Su Shiyi sighed.

How could he not know that Lu Liang only skinned other institutions, but when it came to Binance, he wanted to kill him.

The Didi incident not only made him taste the sweetness, but also made him realize how important Bitcoin is in the minds of Western institutions.

The reason why Zhao Changpeng was supported in the first place was because Lu Liang was not cooperative enough. Lu Liang should also know this.

This is also the reason why Binance is in trouble.

Lu Liang wanted to be the only bridge so that if they wanted to cooperate, they could only cooperate with him.

“It’s time to let Bitcoin lie dormant for a while.”

Ten minutes later, at 2:30 in the morning, the price of Bitcoin crashed again.

It dropped directly from 14500 points to 12000 points, a super big negative line, which makes people not want to go long.

The short sellers are fierce, the long positions are liquidated, and institutions are forced to close their positions. The three elements of a sharp drop are combined, further leading to a decline.

This beautiful bubble that lasted for three months and made countless people rich also came to an end tonight.

Four hours later, day finally broke.

Front-page headlines around the world were reporting that Bitcoin successfully hit 44.15 points and then plummeted %.

Especially the University of Tokyo, which made big news that shocked the world even though Bitcoin is not allowed to circulate in the country.

Xiao Wang's account holding $4.1 million was blocked for no reason, so he decided to sue Binance, which was accepted by the Puxin Court. At one time, a large number of customers flocked to Binance to withdraw their balances, fearing that their funds would be frozen if they were late.

This kind of thing will happen again if it happens once.

Binance is not the only trading platform in the world, so there is no need to take uncertain risks.

The withdrawal channel was opened at nine in the morning, and in just one minute, the entire platform was paralyzed due to a run.

The paralysis did not last long. After only half an hour, the withdrawal channel was reopened.

A large number of customers were satisfied with receiving the funds, and began to doubt whether there was any problem with the $4.1 million account.

Binance banned "Xiao Wang's" account, perhaps just for risk control, rather than because the platform was short of money and secretly misappropriated it.

A credibility crisis was resolved invisibly.

Lu Liang, who was far away in Tokyo, also received the news. There was no doubt that Binance asked for external assistance and obtained external capital injection, thus opening the coffin lid and coming back to life and regaining youth.

If he had the funds to fix the problem himself, he wouldn't have put himself in danger last night.

Not long after, Lu Liang received a call from Sun Yutao: "Mr. Lu, our account has been unblocked. Do you still want to appeal?"

He didn't understand that Binance was so powerful that it could survive a bank run and even unblock their accounts.

They seem very powerful, so why did they make such a shitty decision last night and ban their accounts for no reason?

Is it because it's fun?
"Just because you didn't have money last night doesn't mean you don't have money now."

Lu Liang laughed, and after a moment's silence, he said, "Pay more attention these days to see if there are any new faces in Binance's management positions."

Zhao Changpeng has caused such a big mess, but he can still get the favor of Western capital. Unless he is a direct descendant of the Squid Clan, but he doesn't look like it.

So he must have paid a heavy price, and it is very likely that Binance changed hands and he became a mascot.

"Boss Lu, Boss Wang just arrived at the company, and he asked me to ask you, should we continue?"

"Now that we've said it, let's just continue. It's good to earn some compensation for lost wages."

After ending the call with Sun Yutao, Lu Liang raised the corners of his mouth, stretched, and groaned from his throat: "It's a draw."

He underestimated the importance that Western capital attached to Binance. If people were gone, they could be supported again, but if the platform was gone, it would be rootless.

learn from mistakes,
I'm afraid there won't be such a good opportunity in the future.

Lu Liang thought for a long time and looked at the Bitcoin market again. It had been falling since the second flash crash in the early morning.

It would probably be difficult to restore the former glory in a short period of time, so he simply didn't bother to add to the trouble and decided to deal with it later.

Over the next few days, Lu Liang stayed in Tokyo, and the price of Bitcoin continued to drop day by day.

On December 12, Christmas Eve, the price fell below the $24 mark.

When the market is rising, integers are checkpoints. As long as they are broken through, the market will move up a few more points.

The same was true when it was falling. The moment it fell below $10,000, it dropped another $800.

At that time, Wen Chao also took the opportunity to close his positions and pocket the floating profits in his account.

The principal was US$30 billion and the short selling was US$60 billion. The average selling time was 20420 points and the buying back time was 9820 points.

At the final settlement, the $30 billion principal turned into $73.82 billion, and this wave of short selling made a profit of $43.82 billion.

It was just the reserved bottom-line chips, and as the price of Bitcoin was halved and the market started, a total loss of US$5.85 million occurred.

However, overall, the gains are greater than the losses, and the total assets of this project have now reached US$126.55 billion.

"You two, this is the profit and loss details for the past four months. Take a look at it and sign it if there is no problem."

That evening, Lu Liang held a shareholders' meeting and prepared to distribute US$1 billion in dividends.

Investing in DC Studios in the United States and purchasing a luxury house in East Hampton almost drained Xingheng's cash flow.

There are only more than 10 million US dollars left in the company's account, and Lu Liang feels very insecure with just this little money.

Therefore, we can take advantage of this opportunity to withdraw the principal first, and this project will be all net profit in the future.

 It's still ten o'clock

  
 
(End of this chapter)

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