Bitcoin Billionaire's Comeback: From Hack to Hero
Meet Zhao Tong, the 17 year old crypto whiz who lost $6 billion and is now killing it in tech. Read his story!

Introducing Zhao Tong, the teenager who rose to fame after come up with bitcoinica the first ever crypto margin exchange then lost $6billion worth of Bitcoin to hacks. It is important to note that such circumstances do not mark the end of the fairy tale but rather it’s a tale of survival, creativity and reform.

Zhao Tong plunged into Bitcoin trade at 16 and was intrigued by the possibility of changing international money transfers. This passion of him was able to create Bitcoinica in only four days. While most of the exchanges did not allow for margin trading, Bitcoinica supported this feature and was popular among traders and recorded huge trading volume. Yet, the inexperienced Zhao and the fast expansion of the platform led to security issues that were tragically proved when Bitcoinica was breached twice in 2012 and 94,000 BTC were stolen.

However, this was a big blow on Zhao Tong and she did not disappear from the scene completely. But he did not quit instead he utilized his knowledge in coding and his desire to be an entrepreneur to reinvent himself. Today Zhao actively participates in the development of technologies, most of them are tied to cybersecurity and blockchain. The latest initiatives therefore focus on developing better and safer block chain solutions mostly to avoid the misfortune that befell him.
Zhao Tong went-on to found Coinjar, a leading Australian crypto exchange, trading approximately $2 million every single day!

Let me therefore conclude on the lesson that one must learn from their failure, and the case of Zhao Tong. As he enters the future making innovations in the lives of people his story of becoming a teenage billionaire and being embraced as one of the tech gurus is inspiring. Therefore, the next time you feel like quitting after on a fallen date, call to mind the story of Zhao Tong and his rousing comeback.
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