After 8 Years, Internet Celebrity Di Shi Discovers He Was Defrauded of Tens of Millions by His Crypto 'Bro'
A popular Chinese live streamer known as "Dishi" has publicly revealed he was defrauded of tens of millions of RMB (reportedly around 30 million) over eight years by Sun Zeyu, a figure once considered a "crypto big shot" and founder of Genesis Capital.
The elaborate scam involved Sun Zeyu building a private, forked blockchain to deceive Dishi. Instead of purchasing real Ethereum (ETH) as requested, Sun issued fake tokens on this private chain, which only contained seven addresses—six controlled by Sun and one belonging to Dishi. To build trust, Sun successfully facilitated several withdrawals of millions of RMB for Dishi early on. Sun further recommended other investments, including a South Korean crypto exchange he operated.
Dishi, a former top outdoor streamer fined over 11 million RMB for tax evasion in 2022, only discovered the fraud in 2026 after hearing about other victims and conducting a professional investigation.
Reports indicate Dishi is not the only victim. Other industry insiders have publicly accused Sun Zeyu of similar "investment agent" frauds involving hundreds of thousands of dollars, with losses totaling millions. Sun is currently believed to be overseas, complicating legal recourse.
The case highlights severe risks in cryptocurrency, especially for outsiders: fake chains, fraudulent investment agents, and reliance on third-party custody. Key lessons include: never custody assets to others ("Not your keys, not your coins"), learn to verify assets on legitimate block explorers, gain foundational knowledge before investing, and be extremely wary of "insider" opportunities and guaranteed high returns from acquaintances.
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