7 years have passed since 1994. How are the crypto giants who were affected at the time doing now?

It’s been 7 years since 1994

On September 4, 2017, the People’s Bank of China and seven other ministries and commissions jointly issued the “Announcement on Preventing Risks of Token Issuance and Financing”, requiring a ban on virtual currency transactions.

At the same time, it is said that a number of crypto bosses have also been restricted from entering the country:

1. OKX founder Xu Mingxing

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

After 1994, Xu Mingxing also stayed in China and supported the government's work.

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

Now OKX is still a first-tier exchange, and its main business has moved overseas, and Xu Mingxing himself often gives advice on Twitter.

2. Li Lin, founder of Huobi

At that time, Huobi could be said to be the most influential in the crypto industry. After the 94 incident, Huobi was the most influential mainstream exchange.

After the 94 incident, Li Lin stayed in China.

But on December 8, 2020, he was taken to Shanxi by the Shanxi police (the domestic currency circle called this the "Shanxi Incident") for an unknown period of time.

On March 9, 2021, Li Lin, the founder of Huobi, returned to the company and started working normally.

In October 2022, Li Lin sold all his Huobi shares and posted on WeChat Moments that he was no longer the actual controller and shareholder of Huobi Global, and no longer had any authority.

The current Huobi Exchange has been renamed HTX and has faded out of the first-tier ranks.

Three, Binance founder CZ Zhao Changpeng

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

In 2014, he sold his house in Shanghai, invested all his money in Bitcoin, and joined OKCoin, becoming a co-founder and chief technology officer (CTO). During his tenure at OKCoin, he fell in love with He Yi.

CZ founded Binance two months before 1994.

After 1994, CZ and He Yi resolutely ran out to continue to develop Binance, and successfully made it bigger and stronger.

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

The only drawback is that CZ is still serving a sentence in the United States and is expected to be released from prison at the end of the month.

Fourth, Tron founderSun Yuchen

TRON was actually established only two months before 1994, about the same time as Binance.

So far, it is also the most used chain by crypto users.

After 1994, Sun Yuchen traveled around the world, and he was seen in the United States/Singapore/Malta/Grenada, and he often went to Hong Kong recently.

Although he has the reputation of "Sun Cutting", his career is also very successful. Now Tron's market value is still more than 10 billion, and it has long been ranked among the top ten cryptocurrencies.

5. Bao Erye and Xue Manzi

Before 1994, Bao Erye and Xue Manzi could sit together and chat with Zhao Changpeng.

Now it is completely different.

After 1994, Bao Erye went to the United States and bought a manor, which he named "Jiucai Manor".

But now Bao Erye's ability to cut leeks is far less than before. Although he still often shouts orders, the old leeks have long learned their lesson.

Xue Manzi, known as China's first angel, ran to Japan after 1994 and claimed to have bought a street named "Manzi Alley" with eleven old townhouses.

But recently it seems that the old man’s financial situation is not very good. At his age, he often issues coins to cut leeks. It’s really...