After the Divorce, I Could Hear the Voice of the Future
Chapter 506 - 501: I don’t know, he just stabbed himself once.

The mining disaster came, and Binance was the first to bear the brunt.

Investors who opened accounts never expected that everything was fine when going long, but now they can't short because they can't borrow shares.

Due to the price crash, they've already suffered a round of losses, and they just want to switch to shorting to recover some losses.

As a result, they weren't even given the chance; they could only watch as the price of Bitcoin dropped further and further. Retail investors on other platforms were shorting to cut losses, but they were helpless.

"Zhao Changpeng, fuck you."

"Where the fuck did this face come from, claiming to be the number one cryptocurrency trading platform in the country?"

"If you don't have the diamond skill, don't take on the porcelain work. Just like Big A, you can only go long, not short."

The anger of the crypto players peaked when Bitcoin fell below 15,000 points.

Binance, along with its founder Zhao Changpeng, and the news of Bitcoin's mining disaster, all hit the top of the trending searches.

The crypto sector is just a niche track, but as soon as the news spread, it was mocked by stock investors, fund investors, and rubberneckers.

Everyone turned into an armchair expert,

rubbing salt into the wound and making sarcastic remarks.

"I told you, cryptocurrencies are just scams."

"The greedy never have a good end. As long as it's a bubble, it will burst eventually. While you're eyeing that little profit, someone else is after your principal."

"In three months, it went up ten times, now it's only at 15,000 points. This is just the beginning, friend, the good days are still ahead."

The massive short-selling orders left the head of Binance's short-selling department in disarray, but seeing Zhao Changpeng's face dark as water, he swallowed his words.

"How much funding is left in the company's account?"

Zhao Changpeng suddenly asked, knowing their situation was dire but not hopeless. A glimmer of hope remained.

The financial director replied: "There's still 53 million US dollars."

"Reserve 10 million US dollars, no, 5 million, and use the rest to buy Bitcoin."

Zhao Changpeng knew very well that this wave of market correction, triggered by the news broadcast, was far from over.

Buying now would most likely catch the bottom halfway up the mountain.

But he had no choice; he couldn't let the public opinion continue to ferment. Once Binance was labeled as Big A of the crypto world, all previous efforts would be in vain.

So even though they knew buying Bitcoin and providing short-selling services would inevitably result in losses, they had to do it.

The short-selling department manager said: "Mr. Zhao, but this is just a drop in the bucket; the required short-selling quantity has already exceeded 8,000 Bitcoins."

They had only over a thousand Bitcoins left; even spending 48 million US dollars to buy at 15,000 US dollars per Bitcoin would only get 3,200, which would still leave half of the short-selling orders unfulfilled.

"Let's solve part of it first."

Zhao Changpeng planned to seek help from New Horizon. The internationalization of Bitcoin cannot do without the Eastern Continent Market, and he believed they wouldn't leave them to die.

Suddenly someone suggested: "Mr. Zhao, we could target the key account and try to borrow some funds from him."

The platform found itself in this situation because it approved the short selling of the key account, which now has 410 million US dollars in liquid funds.

As long as he redeems the Bitcoin and completes the delivery, all current predicaments would be resolved.

Zhao Changpeng looked at this person speechlessly, as if looking at a fool from the village entrance: "It's not even below 10,000 points yet, do you think he will redeem it?"

This wave of correction, even if the price is halved, would be the best-case scenario. Anyone with an IQ over 80 wouldn't redeem above 10,000 points.

Someone else said: "Mr. Zhao, it's better to offend one person than tens of thousands. Mr. Zhao, we have no time left; we must react."

Having stayed abroad for too long, Zhao Changpeng didn't fully understand what was meant by saying every nation has its own circumstances in the Eastern Continent financial market.

He had been around the domestic circuit for decades and knew if Big A's rules couldn't solve the problem, then solve the person causing it first.

After all, they are the platform, holding the final right of interpretation.

Randomly find some small reason, first freeze the account, and use the funds to put out the fire. At most, apologize afterwards; an international speculator of Chinese descent won't make much of a wave.

Zhao Changpeng pondered; he was a bit tempted.

After all, he had bragged to Su Shimin back then, and seeking help from New Horizon would only expose his impulsiveness.

Because normally, the platform's reserve of 5,000 Bitcoins should never be used; it is reserved specifically for situations like this.

However, because he wasn't given the respect he deserved, he took action that broke principles.

Once Blackstone Group found out, it would inevitably lower their overall assessment of him, and future support might not be as strong.

Zhao Changpeng suddenly asked: "By the way, which rule of our platform did that account violate?"

Since he planned to do as locals do, he might as well go all the way and find a scapegoat along the way.

If successful, it meant promotion and raise, with a promising future,

If not, then they would have to first wrong the other side and let them take the blame.

The person who proposed the suggestion froze, realizing he had dug himself a hole, but with no turning back, he could only brace himself and say: "The source of the funds seems a bit abnormal."

Zhao Changpeng nodded, saying: "Then let's temporarily freeze the account. We're doing it to protect the customer's fund safety."

"Right, it's for his own good."

The two exchanged a glance, everything understood without words.

At ten in the evening, Lu Liang acted as if nothing had happened, crossing his legs with a smile on his lips, watching the wealth flow in.

His task was complete; the next phase of the work was handed over to Wen Chao: buy back below ten thousand US Dollars whenever it falls.

Tonight's gains amounted to at least $1.5 billion, a daily interest of millions for short selling that was utterly insignificant.

Quietly buy back, trying not to affect the market, aiming to swallow the duck whole, bones included.

"Mr. Lu, it's still early, why don't we go somewhere for a few drinks?" Ota Ling beamed.

With the market correction starting, the secret was naturally no longer a secret, so his 'illness' was cured.

Lu Liang nodded with a smile, saying, "Mr. Ota, I truly apologize for the inconvenience these past few days."

"Oh, no need to mention it."

Ota Ling waved his hand quickly, smiling nostalgically: "I've long wanted to rest for a few days, not a single call; that feeling was really wonderful."

Lu Liang chuckled, somewhat agreeing: "Things come one after another, no matter how busy I get, I can't seem to finish, sometimes I really do think about throwing in the towel."

"Mr. Lu, if you're tired, you can rest for a few days, don't overstrain yourself, take care of your health."

Ota Ling's face was filled with concern.

After tonight, the total assets managed by Xingheng Investment Company would officially surpass the $10 billion mark.

If Lu Liang even sneezed, he would gather the world's best medical team to give him a thorough check-up.

Lu Liang was speechless, suddenly receiving a call from Sun Yutao.

Upon learning of the situation there, he showed a look of astonishment: "Wait for me, I'll be there soon."

Lu Liang looked at Ota Ling, who quickly said, "Mr. Lu, handle your matters first, if you want to have a few drinks, I'm at your beck and call any time."

Lu Liang left, heading next door, and Ota Ling retrieved his communication equipment from Wen Chao: "Mr. Wen, it has been a pleasure these few days, thank you for your hospitality."

"Chairman Ota, you're too kind."

Wen Chao smiled broadly, genuinely happy.

These days, whenever he had time, he would stay at the company because he really didn't want to be alone with Ota Ling.

This old guy, trying to gain Boss Lu's trust, completely disregarded his own well-being, even watching over him when he peed; it nauseated him to no end, but at last, he was free.

Ota Ling chuckled dryly, knowing he had caused Wen Chao quite some trouble, thanked him again, and then exited the trading room.

After losing contact for a few days and encountering the Bitcoin market correction, the board of Mitsui Sumitomo had unsurprisingly exploded.

Fortunately, he had already planned a response method; after tonight, the cooperation project with Xingheng and Hyundai Group should exceed $10 billion.

They were guaranteed to earn $3 billion, and with real, hard cash profits, it would naturally help explain his absence over the past few days.

A few minutes later, Lu Liang arrived at the adjacent building.

"Is Zhao Changpeng a pig? How dare he block our accounts?"

Although these were words of blame, Lu Liang squinted his eyes in apparent delight.

He wanted Binance destroyed, but knew he could at most severely wound it, yet the other side suddenly stabbed him in the back.

$410 million, over 2.7 billion RMB, such a massive sum dared to be blacked out, do they consider themselves heaven's chosen?

Even taking a step back, even the chosen should at least justify cleverly and rope in the gentry to black out this sum.

Lu Liang wondered, who could think of such a method? Are they treating him like a small fry, or is there no law domestically?

"Maybe he thinks we're Japanese capital."

Sun Yutao also laughed,

showing no concern over the account funds being frozen.

Because Boss Lu had said from the start, losing all the money didn't matter as long as they severely wounded Binance, then the losses were worth it.

Now, it's no longer a question of whether they've been severely wounded; without a reasonable explanation, Lu Liang would surely have them sewing machines.

"Old Sun, get ready to return home immediately, see if there are any flights, if not, take my plane. You cannot let him get away."

Lu Liang was worried about not having an opportunity to make a point; Zhao Changpeng suddenly put his head on the chopping block, missing such a chance would be a pitiable waste.

Sun Yutao nodded; he didn't even pack the clothes at the hotel, taking only his briefcase as he headed to Haneda Airport.

While walking, he contacted the domestic legal department, instructing them to collect relevant materials now, with the plan to sue Binance.

Lu Liang had ordered that it didn't matter if the money came back or not, the most important thing was to freeze Binance's assets.

Once the platform's funds are frozen, it would be as good as temporarily wiped out. Although Bitcoin is currently in a correction phase, it's not like certain markets where you can only buy, not short sell.

The correction and drop is also a major trend.

If Binance misses this opportunity, and if Lu Liang makes a few statements, this platform would practically be 99% dead.

After Sun Yutao left, Lu Liang made a call to Little Wang.

Smiling, he said: "Hey, your father has gotten you a chance to show off, do you want it or not?"