Original Title: "Young Stock God Performs Bloody Family Drama: Huo Liao Sen's $160 Million BTC Cleared by Bedmate"
Original Author: Ma He, Foresight News
If this story were made into a drama, it would definitely be a highly controversial bloody family thriller at the beginning of 2026 - the protagonist is not an ordinary person, but the financial KOL Huo Liao Sen, whose real name is Yuan Binghui, once dubbed "Young Stock God."
He made his fortune in his early years through stock trading and Bitcoin. The radio program "Xinghuo Liaoyuan" was once highly popular among countless Hongkongers, and he also published investment books like "I Borrowed My First Ten Million from Buffett."
However, no one expected that a recent lawsuit would reveal the most dramatic family farce.
Bedmate's Hidden Camera Steals Bitcoin Recovery Phrase
In 2023, Huo Liao Sen's divorce lawsuit reached the High Court in the UK. He accused his bedmate, his estranged wife Li Huanrong, and her sister of secretly installing hidden cameras in their luxury home in Brighton, recording him inputting his cold wallet PIN and storing his recovery phrases, directly transferring 2323 BTC away.
This case recently sparked heated discussions among netizens in Hong Kong and other regions after being reported in Hong Kong's "Sing Tao Daily" and "Hong Kong Economic Times," as well as the UK's "Daily Mail" and "The Times."
The incident dates back to 2023. At that time, Huo Liao Sen and Li Huanrong were going through a divorce. In early July, the spark was actually their eldest daughter. She privately informed Huo Liao Sen that her mother might be plotting against Bitcoin.
Huo Liao Sen became alert at that time. Instead of directly confronting, he secretly installed recording devices at home to gather evidence.
According to court documents, the conversations between Li Huanrong and her sister were recorded verbatim. Li Huanrong said, "The Bitcoin has been transferred to me, but will it be discovered that you took it?"
A more critical and incriminating conversation: "It's fine, take it all."
The two also discussed money laundering risks, using a second wallet, whether they would be targeted by the police... These conversations later became key evidence in court.
Huo Liao Sen clearly stated in his testimony to the court that Li Huanrong secretly installed hidden cameras in the mansion, specifically capturing the process of him operating the Trezor cold wallet.
The cold wallet was not connected to the internet and was protected by a six-digit PIN. The key was a recovery phrase of 24 words. As long as someone got the recovery phrase, they could restore the entire wallet on another device and the money would change hands instantly.
Later, the 2323 BTC really moved—transferred in batches to 71 different addresses, and since then, it hasn't moved again. Huo Liao Sen was dissatisfied and directly confronted Li Huanrong, only to be arrested himself. He admitted to one charge of actual bodily harm and two charges of common assault. He immediately reported to the police, accusing Li Huanrong of stealing the coins. In December, Li Huanrong was arrested by the British police and later released on bail. During the police search, they found 10 cold wallets, 5 sets of recovery phrases, and several luxury watches at her place, some of which were confirmed to be Huo Liao Sen's property. However, at that time, the police said there was no new evidence, so they did not further investigate.
As of March 2026, the case has been officially transferred to the High Court of England for trial. The presiding judge Cotter pointed out after reviewing the transcription of the recordings that the evidence held by the plaintiff was "devastating," and candidly stated that their chances of winning were extremely high.
Given the volatile nature of cryptocurrency prices, the judge specifically approved a global freeze order designed to ensure the value of related assets through an expedited trial. Although the defendant Li Huanrong firmly denied any knowledge of the asset transfer by submitting an affidavit, the court has ruled to allow the civil lawsuit to proceed.
Huo Liao Sen’s Rise and Controversies
However, behind Huo Liao Sen's career achievements, there are also numerous negative controversies.
He graduated from the Accounting Department of Hong Kong Polytechnic University in 2003. In his early years, he worked as a commentator at Hong Kong radio and financial magazines, gaining fame for his accurate market predictions before and after the 2007-2008 financial tsunami (such as bearish on the property market, bullish on gold/yens, etc.), earning him the moniker "Young Stock God." He accumulated initial capital through publishing several best-selling investment books, hosting financial programs, and personal stock investments.
Later, he invested in Bitcoin, bringing his wealth to a new level.
In his testimony to the High Court, Huo Liao Sen mentioned that he began to buy a large amount and hold Bitcoin from 2010 to 2013 (when Bitcoin prices ranged from a few dollars to hundreds of dollars).
Holding onto 2323 Bitcoins to this day, valued at $232.3 million if calculated at a price of $100,000. At the current price of $70,000, it is worth approximately $163 million.
However, in 2017-2018, there were complaints about the virtual currency vending machine he promoted losing money.
According to multiple media reports, Huo Liao Sen heavily promoted a cryptocurrency named HE15 on his social platforms and during lectures, requiring investors to pay about 20,000 to 30,000 Hong Kong dollars to buy a so-called "cloud mining machine." This machine did not need to be moved home and was operated by a hosting center, generating virtual currency daily, which could be exchanged for BTC or ETH on platforms related to Huo Liao Sen.
In mid-2018, the price of HE15 plummeted dramatically, and the exchange channels were blocked, causing investors to discover that their assets could not be withdrawn or that the value had nearly reached zero. Some investors even found that the so-called "high-performance mining machines" had extremely low hardware configurations, yet were sold at prices far above market value.
In early 2019, over 100 victims sought help from the Hong Kong Democratic Party and reported to the police, estimating that the total amount involved exceeded 20 million Hong Kong dollars.
In April 2019, the Hong Kong Commercial Crime Bureau (CCB) took action and arrested several personnel from related companies on suspicion of conspiracy to defraud.
At that time, Huo Liao Sen was accused of being the KOL of the project, but he subsequently moved to the UK.
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