Teen Stock Genius Stars in Melodramatic Family Drama: Fire Liao Sen's Bitcoin Cleared by Pillow Talk Companion for $160 Million USD

Author: Ma He, Foresight News

If this story were made into a drama, it would definitely be a highly controversial family mystery thriller at the start of 2026 — with the protagonist not an ordinary person, but Hong Kong’s well-known financial KOL, Huoliaosen, whose real name is Yuan Binghui, once dubbed the “Young Stock God.”

He made his fortune early on through stock trading and Bitcoin. His radio show “Spark Ignites the Prairie” was hugely popular among Hong Kong residents, and he authored investment books like I Borrowed My First Ten Million from Buffett.

However, no one expected that a recent legal case would reveal the most sensational family drama.

Spouse’s Hidden Camera Surveillance Steals BTC via Mnemonic

In 2023, Huoliaosen’s divorce case reached the High Court of the UK. He accused his wife, Li Huanrong, who was in the process of separation, and her sister, of secretly installing hidden cameras in their Brighton mansion, recording him entering his cold wallet PIN and mnemonic phrase, then directly transferring 2,323 BTC.

After reports by Hong Kong’s Sing Tao Daily, Hong Kong Economic Journal, and UK’s Daily Mail and The Times, netizens in Hong Kong and surrounding areas sparked heated discussion.

The incident dates back to 2023. At that time, Huoliaosen and Li Huanrong were in the midst of divorce proceedings. The trigger was surprisingly their eldest daughter, who privately told Huoliaosen that her mother might be planning to get involved in Bitcoin.

Huoliaosen became alert. Instead of confronting her directly, he secretly installed recording devices at home to gather evidence.

According to court documents, the recordings captured conversations between Li Huanrong and her sister. Li said, “The Bitcoin has already been transferred to me, but could it be discovered that you took it?”

A more critical and accusatory conversation: “It’s fine, just take everything.”

They also discussed money laundering risks, using a second wallet, and whether the police were watching… These dialogues later became key evidence in court.

Huoliaosen testified that Li Huanrong secretly installed hidden cameras in the mansion, specifically to record his operations with the Trezor cold wallet.

This cold wallet was offline, protected by a 6-digit PIN, and secured with a 24-word mnemonic phrase. Once the mnemonic was obtained, anyone could restore the entire wallet on a different device, instantly transferring the funds.

Later, the 2,323 BTC was indeed moved — transferred in batches to 71 different addresses, and has not been moved since. Huoliaosen was dissatisfied and confronted Li Huanrong, but ended up being arrested himself. He admitted to one count of actual bodily harm and two counts of common assault. He immediately reported to the police, accusing Li Huanrong of stealing the coins. In December, Li Huanrong was detained by UK police and released on bail. During a search, authorities found 10 cold wallets, 5 sets of mnemonics, and several luxury watches, some confirmed as Huoliaosen’s property. However, police stated there was no new evidence at the time, so no further investigation was pursued.

As of March 2026, the case has been officially transferred to the UK High Court for trial. Presiding Judge Cotter, after reviewing the transcript of the recordings, stated that the evidence presented by the plaintiff was “devastating,” and expressed high confidence in winning the case. Due to the extreme volatility of cryptocurrency prices, the judge approved a worldwide freezing order to facilitate early proceedings and protect the assets’ value. Although the defendant, Li Huanrong, submitted an affidavit firmly denying knowledge of the asset transfer, the court allowed the civil lawsuit to proceed.

Huoliaosen’s Rise and Controversies

However, behind Huoliaosen’s business success, there are numerous controversies.

He graduated in 2003 from Hong Kong Polytechnic University’s Accounting Department. Early in his career, he was a commentator on Hong Kong radio and financial magazines. He gained fame around 2007-2008 for accurately predicting market trends during the financial crisis (such as bearish views on the property market and bullish on gold/yen strategies), earning him the nickname “Young Stock God.” He published several best-selling investment books, hosted financial programs, and accumulated initial capital through personal stock investments.

Later, he invested in Bitcoin, pushing his wealth to new heights.

In his testimony to the UK High Court, Huoliaosen claimed he began buying and holding Bitcoin extensively from 2010 to 2013 (when prices ranged from a few dollars to hundreds of dollars).

Holding 2,323 BTC until now, at a valuation of $100,000 per BTC, it would be worth $232.3 million. At the current price of around $70,000, it’s approximately $163 million.

However, between 2017 and 2018, he faced complaints that his promoted virtual currency vending machines caused investors to lose money.

Multiple media outlets reported that Huoliaosen heavily promoted a cryptocurrency called HE15 on social media and at seminars. Investors paid about HKD 20,000–30,000 to buy a “cloud mining machine,” which didn’t need to be physically brought home. The machine was operated at a hosting center, generating virtual currency daily, which could be exchanged for BTC or ETH on Huoliaosen’s affiliated trading platform.

Starting mid-2018, the price of HE15 plummeted sharply, and exchange channels were blocked. Investors found they couldn’t withdraw assets or the value nearly dropped to zero. Some even discovered that the “high-performance mining machines” were actually low-end hardware, sold at prices far above market value.

In early 2019, over 100 victims sought help from the Hong Kong Democratic Party and reported the case, with total losses estimated at over HKD 20 million.

In April 2019, Hong Kong’s Commercial Crime Bureau (CCB) took action, arresting several personnel related to the company on suspicion of conspiracy to commit fraud.

Huoliaosen was identified as a key opinion leader (KOL) promoting the project, but he later moved to the UK.