Introduction
The recent surge in OKB token prices has reignited interest in the unresolved legal dispute between cryptocurrency exchange OKEx and Yang Yongxing, a once-renowned private equity investor who quietly entered the crypto space after a decade-long absence from public view.
Yang Yongxing: From Stock Market Prodigy to Crypto Investor
Early Career Highlights
- 2006-2007: Achieved 1497% ROI during China's stock market recovery
- 2009: Launched "Strategy Master" trust product with 193% growth
- 2011: Disappeared from public view following regulatory scrutiny
Cryptocurrency Foray
- 2017: Began investing in platform tokens (OKB, HT, BNB) and Bitcoin
- 2019: Reemerged during OKEx account freeze controversy
- Investment Style: Maintains traditional private equity secrecy
GBC Capital: Yang's Cryptocurrency Investment Vehicle
Organizational Background
- Name: Geek Blockchain Capital (GBC)
- Location: Singapore
- Established: June 2018
- Key Figure: CEO Wang Lingsheng (also Senior Investment Manager at Yang's Shenzhen Sunflower Investment)
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Investment Portfolio
| Project | Entry Date | Current Status | ROI Analysis |
|---|---|---|---|
| Usechain | Jun 2018 | Team reportedly dissolved | -88% vs ICO price |
| DragonEx (DT) | Aug 2018 | Operational | ~100% gain |
| OKB | 2017 | Ongoing legal dispute | N/A |
Controversial Investments and Strategies
Questionable Outcomes
- Usechain: Token value collapsed despite academic backing
- DragonEx: Profited from platform token arbitrage
- Ebang International: Miner manufacturer with IPO challenges
Investment Patterns
- Preference for exchange-related opportunities
- Focus on arbitrage rather than project fundamentals
- Limited public disclosure of holdings
The OKEx Legal Battle
Timeline of Events
- August 2019: Initial account freeze reports surface
- October 2019: Yang claims $120M asset disappearance
- Legal Action: Filed against OKCoin founder Star Xu
Competing Narratives
- Yang's Claim: Account termination without justification
- OKEx Response: Denies existence of such large accounts
FAQ Section
Why did Yang Yongxing disappear for a decade?
After achieving exceptional returns in 2009-2010, Yang faced regulatory scrutiny and chose to withdraw from public markets before reemerging in cryptocurrency.
How does GBC Capital operate differently?
Unlike typical crypto VCs, GBC maintains extreme privacy, avoids public events, and focuses on exchange-related arbitrage opportunities.
What's the status of the OKEx lawsuit?
The case remains unresolved with both parties maintaining contradictory positions and no final court judgment.
What lessons can investors learn from Yang's approach?
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Conclusion
Yang Yongxing's cryptocurrency investments reflect his traditional private equity background - opaque, exchange-focused, and controversy-prone. While some strategies proved profitable, others collapsed spectacularly. The unresolved OKEx dispute serves as a cautionary tale about the risks of crypto market participation, even for seasoned investors.