Coin Circle OG Ye Junde fell naked and died: from the peak of his wealth to the last early morning
Source: Shenshao TechFlow
Written by Lam Ching-ying
Original title: Coin Circle Falling Naked OG: Ye Chun-tak's Fortune, Gambling, and the Last Morning
Asunción has recovered all of its wealth from 100 meters above sea level.
August 7, 2026 at 4:30 a.m.
The 911 alarm center in Asunción, the capital of Paraguay, received a call: A dead body was lying downstairs in Jade Park, an upscale apartment building in the Trinidad district.
When the police arrived, the images they saw were strange: the deceased was completely naked and covered with a black plastic bag.
It is suspected to have fallen from the 30th floor, about 100 meters high.
The deceased was soon initially identified - Harry Chun Tak Yeh, Chinese name Ye Junde,
Founder and managing partner of cryptocurrency fund Quantum Fintech Group, a Chinese crypto investor who claims to be in charge of more than $2.4 billion in assets.
Investigators went up to the 30th floor and found that the doors of his apartment were wide open, and the house was in a mess but empty.
He also has another apartment on the 27th floor of the same building where his Brazilian girlfriend, Isadora de Proenca Braganholo Carvalho, 29, lives.
Faced with questioning by the prosecution, she said she didn't know anything, and the police have not publicly charged her with any wrongdoing so far.
Prosecutor María del Carmen Palazón led the investigation and investigated the three possibilities of accident, suicide, and homicide. Everything waited until the autopsy results were discussed.
$500 entry
The Founding History of Ye Chun-tak is the most classic screenplay in the coin industry.
He was born in Hong Kong and immigrated to Canada with his family as a child. He studied electrical engineering at the University of California at Berkeley as an undergraduate.
He later got an MBA at Stanford Business School. At least that's what he described as his resume.
Before entering the crypto world, he followed the standard Silicon Valley elite route: an engineer, CTO and co-founder of several startups,
I have run technical consulting firms and have served organizations with revenue ranging from 5 million to 200 million US dollars.
Bitcoin was still hovering around $60 in 2013. Ye Junde used $500 to buy the first BTC in his life.
In the same year, he spent 250,000 US dollars to establish his first fund and set up the venture capital company Binary Financial.
It later changed its name several times to become Quantum Fintech Group.
It was a pioneering era. Do crypto OTC OTC trading and manage hedge funds for high-net-worth clients,
Ye Junde caught up with Bitcoin's entire curve from $60 to tens of thousands of dollars.
By 2023, he and his team claimed to have managed more than $2.4 billion in hedge funds and private equity networks.
He began appearing frequently in the industry spotlight: in 2017, he went to CNBC to discuss Bitcoin forks and ICOs.
In 2022, he was a guest on the Bloomberg Crypto Show, calling Bitcoin “digital gold,”
Speaking on the same stage as Mark Cuban, Tether co-founder Craig Sellars, and others.
He also won the production team for the North American Bitcoin Conference (TNABC) and the Fantom Developer Conference.
I set up my own Quantum Miami conference,The mayor of Miami personally stood up for him。
Highlights: Four months, 2.5 million to 1.6 billion
The most legendary “investment” of Ye Chun-tak's career took place in the Fantom ecosystem.
Fantom is one of the hottest public chains in the “DeFi Summer” of 2021, and was personally coded by Andre Cronje, known as the “Godfather of DeFi.”
In September 2021, Tomb Finance, an algorithmic stablecoin project on Fantom, fell into a crisis of trust due to a bug called “Gatekeeper.”
On the verge of collapse.Yip Chun-tak took over the team as a member of the Fantom Foundation.
The next four months were a magical moment for Tomb Finance: the total hedged volume (TVL) went all the way from $2.5 million to a peak of $1.6 billion.
Within two months, TVL skyrocketed nearly 80 times, making it the brightest project in the Fantom ecosystem.This battle established Yip Chun-tak's position within the Fantom community.
Someone at X said, “Even though Harry turned to the dirty side in the end, he made many millionaires.
Fantom and Tom's bull run in 2021 is a legend that will never be repeated. He hosted the best conference I've ever attended, may he rest in peace.”
His team then incubated the LIF3 ecosystem, a DeFi-focused public chain, and L3 Reserve to issue L3USD stablecoin assets.
The investment map listed on his personal website closely surrounds the Fantom ecosystem.
He was working for LIF3 until November 2024: partnering with Web3 mobile phone company Jambo,
The Lif3 app is pre-installed on the $99 JamboPhone, which claims to allow users in more than 120 countries to use encrypted payments.
At the time, his habitual residence was Abu Dhabi, and he appeared on Dubai's Crypto Oasis's “Visionaries of the Year 2024” list.
Why did they die in Paraguay?
This is the most disturbing part of the whole story.
Why did a crypto tycoon who lives in Abu Dhabi and has a career spanning Miami and Dubai appear in an apartment building in Asuncion, and why did he fall completely naked?
A few details of the scene (the door was opened, the room was turned over, and the dead were all naked) quickly brought the crypto community's discussion to one word:Wrench attack (wrench attack)。
The concept comes from an old saying in safety circles:Even the strongest encryption algorithm can't stop a $5 wrench.
Attackers do not attack code, attack the body, and use violence or threats of violence to force coin holders to hand over wallet permissions, transfers, or private keys.
Just one day before Ye Junde's death, on August 6, the on-chain analysis company Chainalysis just released a report: In the first half of 2026,
The world has confirmed 46 wrench attacks against crypto holders, and the amount of more than 30 million US dollars has been stolen.
At this rate, the full year will break the historical record of $58 million in 2025.
If you take into account the amount of attempted transfers and extortion, the exposure this year so far is close to 107 million US dollars.
Among them, house robberies accounted for 37% of all wrench attacks, a record high during the year.
A crypto millionaire who publicly claims to manage 2.4 billion US dollars, shows up for meetings and TV all year round,It is the ideal prey in the eyes of wrench attackers。
Of course, the possibility of suicide and accidents is currently not ruled out.
The crypto industry's wealth roller coaster is enough to crush anyone. Tomb Finance's algorithmic stablecoin project collapsed on a large scale in the post-2022 bear market.
The Fantom ecosystem also experienced the darkest moment when Andre Cronje left and TVL evaporated.
There is no way for the outside world to know how many of the “self-proclaimed assets of 2.4 billion US dollars” under Ye Chun-tak's name can stand the test of bear markets and audits.
Falling completely naked and inside a messy house may also point to a messy and lonely last night.
Currently, the Paraguayan prosecution has released no evidence that any party is linked to the fall; the autopsy results will be the key to unraveling the mystery.
Ye Junde's life is a microcosm of the golden age of the crypto industry:Engineer entry, $500 bet,
In the decade where Bitcoin was at its steepest, the DeFi frenzy created the $1.6 billion myth in four months, hosting conferences, attending Bloomberg, and exchanging glasses with the mayor.
But the safety lessons this industry teaches people are all about asset security: cold wallets, multiple signatures, hardware devices.
As it became more and more difficult for hackers to break the code, crime began to take a physical turn. Over the past few years, more and more crypto bosses have been targeted because of their long-time residency.
In 2013, $60 in bitcoins gave Ye Junde everything; in the early morning of August 7, 2026, Asunción took everything back at 100 meters.
He once said in an interview:“The best investors know that great wealth is born in a bear market”Just this time, he can't wait for the next bull market.
(The factual part of this article comes from public reports, and the scale of the assets involved is self-described; the case is still under investigation.
(The final conclusion is based on the results of an autopsy and investigation by the Paraguayan judicial authorities.)
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