Chapter 410: A bunch of cowards

Meanwhile, inside a luxury hotel in Singapore.
Quan Daoheng gazed at the night view outside the window, a mocking smirk playing on his lips.
He admitted that this whole thing, from the very beginning, was a meticulously designed lure.
A lure so enticing that no one could resist.
What project in this world could possibly offer a 20% annualized return? Pure nonsense!
But he firmly believed that as long as this incredibly tempting bait was thrown out, countless greedy fish would rush to it.
However, he hadn't expected that this time, it wouldn't be a school of fish, but a pod of whales!
"Damn it, I didn't intend to go this far..."
According to the original plan, before the project launched, he would raise the target amount of funds, then clean up the mess, fleece the investors, and disappear.
Nine out of ten projects in the crypto world are scams; that's the standard practice.
But when the astronomical figure of 40 billion US dollars was poured in, everything spiraled out of control.
This isn't a question of whether they want to abscond; it's that the scale is so massive that they simply can't escape.
Every move they make is under the global spotlight.
“President Quan, we can't hold on much longer! The attacks from outside are too fierce! Loans alone can't plug this hole!”
A subordinate shouted anxiously over the video call.
Quan Daoheng's face darkened: “You mean, you want me to use my own money to fill this bottomless pit?”
“But…but we have to protect the price of the coin! Everyone's panicking and selling off; the first line of defense has been breached!
We have to find a way to stabilize investor confidence!”
Loans? They've already exhausted all their bank loans.
The only thing left is the founding team's “faith.”
If they're willing to go bankrupt, using their entire fortune to build a second line of defense, they'll inevitably attract a group of loyal supporters who will fight to the bitter end with them.
"What do you think I came to Singapore so early for? A vacation?" Quan Daoheng sneered.
"Huh?"
"You know in your heart that the 20% interest rate was a scam from the very beginning! This model can't last."
Promising 20% ​​interest using DeFi services is ridiculously absurd.
Yet everyone believed it.
It was an unsustainable Ponzi scheme from the start.
However, because the expansion was too rapid, the entire system couldn't handle it and collapsed much sooner than he had anticipated.
"And the biggest problem is the media! Those sons of bitches who took money to do things—they betrayed us!"
When he learned that Fanghuan Exchange had refused to list their coin, Quan Daoheng immediately contacted major media outlets, wanting them to publish articles smearing Fanghuan Investment, portraying it as an industry bully that suppresses innovation and is complacent.
As a result, aside from a few unknown small media outlets, the responses from the top-tier media outlets were surprisingly consistent:
"Anyone can be touched, except Fang Huan!"
At that moment, he truly realized just how terrifying the influence of the name "Fang Huan" was in this world.
Those media mouthpieces, usually so brazen as to criticize even the president for money, surprisingly displayed remarkable rationality and restraint in the face of "Fang Huan," becoming utterly cowardly!
"They're definitely scared! How many companies have died mysteriously after offending Fang Huan?" one of their subordinates realized.
Not only that, these mainstream media outlets later turned their guns on "Luna Coin," launching a fierce attack.
They exposed Luna Coin's system vulnerabilities and its absurd 20% annualized interest rate, sharply labeling it "the biggest Ponzi scheme in history."
These same people who had once hailed him as "Korea's Elon Musk" now wanted nothing more than to condemn him to the depths of hell.
With the media's scathing critique, a massive barrage of short-selling attacks followed.
All of this leads to only one conclusion.
"From the very beginning, this was all Fang Huan's scheme!"
Quan Daoheng's eyes were filled with venomous resentment.
Those guys had long seen through "Luna Coin's" weaknesses. First, they refused to let it launch, cutting off your escape route;
Then they created hype through the media, shaking market confidence;
Finally, they unleashed their pre-assembled pack of Wall Street wolves, tearing you apart in one fell swoop!
A series of combined punches, each one intricately linked, ruthlessly brutal!
"Mr. Quan, don't just stand there! If you don't invest now, it'll really be..."
"Invest? Invest my ass!" Quan Daoheng roared, "Even if I poured all my money in right now, it wouldn't change the outcome!"
No, even if it could change the outcome, he would never throw his precious assets into that bottomless pit to save those retail investors.
Cryptocurrency, from beginning to end, was just a tool for him to make money.
The important thing was that even if the floodwaters rose and everyone else died, as long as he survived, that was enough!
***
Fanghuan Investment, Trading Department.
“Holy crap…this…”
“This isn’t just market volatility, it’s a giant meat grinder!”
The employees’ words were no exaggeration. The entire cryptocurrency market was like it had been thrown into an industrial-grade meat grinder, blood and flesh flying everywhere, turning billions of dollars into dust.
“At first, weren’t they borrowing everywhere, defending themselves quite well?”
“Yes, but starting in the middle, they suddenly abandoned everything, gave up!”
“Yeah! My feeling is that they clearly still had a fighting chance, could have salvaged the situation, but they…seemed to have given up.”
Indeed, the financial power attacking Luna Coin was far stronger than imagined.
After all, even mainstream media were overwhelmingly condemning it; no one could withstand that.
However, on the other hand, if the operations team had shown a do-or-die, all-or-nothing determination from the beginning, continuously pouring money into the market to prop it up, then this death spiral could still have been abruptly stopped halfway through.
But instead, they chose to "cut their losses" and simply abandoned the scheme.
"After all, it was a scheme that had accumulated over 40 billion US dollars! Just throwing it away like that?"
"Because when it came time to use their own funds, they felt the pinch.
Or perhaps, they had planned to run away from the very beginning."
"But as they played around, they realized the scheme was much bigger than they expected. Greed got the better of them, and they missed the best opportunity to run away."
There are hundreds, if not thousands, of such "air coins" in the crypto world that try to make a quick buck and run.
However, a mega-scam with a market capitalization exceeding $40 billion is absolutely unprecedented.
"This is definitely a day that will go down in the history of the crypto world. The problem is, so much money has evaporated, and the negative impact is enormous."
"What about the founder? Didn't he say he was interacting with fans on social media every day, cultivating a friendly persona?"
"Hey, don't even mention it. He was silent before the scandal broke, and now he's completely vanished. He's probably already gone."
A staggering $40 billion scam.
While it's not that the founder swallowed $40 billion all by himself, at this moment, everyone can witness firsthand how that $40 billion was ruthlessly and instantly shredded into dust.
“Well… Mr. Su,” a clear female voice rang out; it was Li Huilin.
“In that case, could our company’s newly issued Fanghuan Coin… help those victims?”
This sudden suggestion struck Su Hao like a bolt of lightning.
“Help?”
“Yes! With our upcoming ‘Fanghuan Coin’!
We’ll compile a list of victims from this incident and airdrop some of our coins to them as aid. What do you think?
Of course, it can’t compensate for all their losses, but to some extent, it will be a form of comfort.
This way, we can both enhance the reputation of our Fanghuan Coin and ensure a large number of active users from the moment it launches—isn’t that a win-win situation?”