CCTV Finance exposed Wang Zhengyuan, with the headline "Fake Beijing Circle Rich Kid Pretending to Be a Stock God to Scam Money and Sentenced." I’ve had a few interactions with him; he is indeed a second-generation wealthy individual, but he is from Tangshan. He made a lot of money early on in the crypto world and coordinated with a few people to manipulate Litecoin $LTC . At that time, he had already established his persona, liking and giving away Hermès Birkin bags in his social circle. Later, I found out that the bag was custom-made from crocodile leather, meaning it was fake.