I am a working professional from the UK in the financial services industry.
Back in January 2022, I was scammed for $250,000 by the well-known cryptocurrency influencer and professional poker player that goes by the names “Dr Hash” and “Wesley”. His real name is Wenzhi Fei. After I threatened to go public with information about the scam, Wesley arranged for thugs to break into my flat. This is my story.
At the time of the scam, I was only 28 years old. I do not come from a wealthy family. I worked my way up into a well-paying job. But like most young professionals in large cities these days, I was still unable to buy a home or start a business. I also had plans to start a family. Back in 2021, I developed an interest in cryptocurrency. I had heard stories of others who quickly amassed seven and eight-figure fortunes through shrewd investments in crypto, and I yearned to join their ranks. Together with one of my closest friends, I joined several Telegram groups to learn more about crypto.
Our initial encounter with “Dr Hash” occurred during the late spring of 2021, around the time when Bitcoin had first reached $55,000. We met in a Telegram group that touted extraordinary gains within the crypto markets. Over the course of several months, we monitored a number of coins with a sense of caution. In the fourth quarter of 2021, we decided to initiate a conversation with an influencer known as “Dr Hash”, who was also known as Wesley, simply to seek his opinions on the markets as a whole.
Wesley stated that he was part of a team that was releasing a new coin named SupremeX. He further stated that with an investment of $250,000, we could make a stunning return of 10-50x within one year. He assured us that this would be our safest investment option, because of the credibility and expertise of the team behind it. He even stated that we were very fortunate to have met him at the time we did.
We waited for the release of the coin, and tracked the movement for around 2 months. By Christmas 2021, the coin appeared to be pretty stable, even performing well. We decided to pull the trigger. Wesley initially insisted that we make the transfer of funds via Bitcoin, but we insisted that we would only invest via an international wire transfer. As such, he provided us with his personal bank account information, and we sent him $250,000. This was the vast majority of our life savings, about a full year’s pre-tax salary for both me and my friend. The payment was sent on 9 January 2022.
Towards the end of May 2022, we started to grow uneasy, as the coin had not made any real gains since our investment. We communicated our concerns to Wesley, and he constantly reassured us by stating that a big ‘investor from China’ was on the verge of finalizing their contribution. According to him, the deal was ‘almost finished’ and he would expect the investor to be closed by June. He stated that with this one investment the ‘coin would rise to $0.2’ (10 times the value at the time of the message). As he was one of the co-founders of the coin, as well as a crypto influencer with many followers, we heeded his advice.
Around the time the investor was supposed to invest, the coin started to be sold in large increments daily. This was during the period of 13 to 17 June 2022. Alarmed, we reached out to Wesley to find out what was going on. We asked why the big Chinese investor had yet to invest, he informed us that this was all part of their strategy, so as to give their investor a lower entry price. He guaranteed the investment would be complete by August 25. At this stage, everything Wesley had shown us seemed above board, his track record, his predictions, his public celebrity profile. We had no reason to see this as a red flag but more so a strategy.
Another couple of weeks had gone by. We were about a week from the August 25 deadline, and we monitored SupremeX anxiously.
Suddenly, 19 August 2022, the entirety of the coin was sold overnight, its value completely wiped out.
When we tried to reach out to Wesley, we found that he had blocked our numbers and was non-responsive to any alternative forms of contact. All of our previous WhatsApp and Telegram conversations were deleted. At this point, it started to sink in that he had scammed us.
By this time, Wesley had reinvented himself as a professional poker player. He started to appear regularly on the poker show Hustler Casino Live, and played in the World Series of Poker in Las Vegas. Both of these events were televised, and watched by hundreds of thousands of people. He had used his ‘celebrity’ status to gain our trust.
However, we realized that all of the funds that went into SupremeX went directly into his pocket. SupremeX never had any intention of building a serious cryptocurrency project, and was nothing more than a Ponzi scheme.
My friend and I were alarmed, because this was our life savings. Wesley told us to hold the coin even as he was planning to orchestrate a rug pull, and invented a story about a ‘Chinese investor’ who would buy so much that the value of the coin would shoot up 10x.
That same morning, we spoke with our bank and they advised us raising a dispute to recover the $250,000 directly from his bank. We provided the evidence and this was submitted from our end on the 20th August. Wesley’s bank account had been frozen, but the funds were not recovered.
As a result of what was going on, I was overwhelmed with stress. So my girlfriend and I decided to escape to the countryside for the week to decompress.
Once back, we realized our flat had been burgled. The building’s video surveillance footage showed that masked men had broken in while we were away. Strangely, no possessions were taken except for our electronic file storage devices, namely a hard drive and several USB sticks. No valuables were stolen, even though the burglars could easily have taken them.
At first, I had thought this was just a random burglary. When the police arrived and asked me if I had recently fallen out with anyone, and if anyone would have any reason to do me harm, I suddenly realized what was going on.
Why would someone would break into our flat to steal only some storage devices?
Surely, it could not be a coincidence that my flat got burgled the week after I started a fraud claim against Wesley?
Frantically and without my emotions in check, I sent Wesley a burst of aggressive messages, confronting him for sending thugs to break into my home.
To which he responded they’ve reached u and dont fuck with me.
I continued to hurl threats at him, to which he later also responded, confirming that his bank account was closed but he had already removed the funds. He stated: nothing in that account, lol and GG.
I went on to say that now that he has threatened my family and invaded my pregnant girlfriend’s home, I would make sure that I find everyone that has been affected by him and uncover his scams to which he responded with a voice note laughing and mocking, saying: I will never reply, they can’t do anything to me
Wesley may claim that he was running a legitimate cryptocurrency project that ran into business problems. He may claim that all investments come with risk. He may also claim that he had nothing to do with SupremeX. However, by his actions following the scam, he has basically admitted his own guilt, and this is now plain for the world to see.
If he was not involved, why did he repeatedly persuade me to hold on until 25 August, with the claim that a big Chinese investor would come in and cause the price of the coin to skyrocket?
If he was not involved, why would he gloat about having emptied his bank account?
If he was not involved, why would he send thugs to break into my flat one week after his account was closed? Why would he threaten me further after the break-in? And why would the burglars not steal any valuables, only hard drives and USB sticks?
These are the questions that Wenzhi Fei has to answer.
It is so ironic that Wesley referred to himself an a “True Artist” during a televised poker tournament. The truth is that he is a True Con Artist.
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https://drive.google.com/file/d/1dm4G_Z7xQ_9CnPrby9w0t6CWMskKgyes/view?usp=sharing
WHY AM I SPEAKING OUT NOW?
A year and a half has passed since the scam. I have spent a lot of time investigating Wesley and SupremeX on my own. I believe that he made off with over $5 million of investors’ money, all of which he used to line his own pockets.
While he rides around in his Rolls-Royce and shows off his Patek Philippe watches on social media, there are many ordinary folks like whose lives have been ruined by him. My $125,000 (my share of the $250,000 investment) was meant for me to buy a house so that I could provide some stability for my pregnant girlfriend and my newborn child.
While he gambles with hundreds of thousands on TV, his victims are trying to rebuild their lives through making an honest living. Meanwhile, he mocks and taunts us, and sends thugs after us if we try to take any recovery action.
The world sees Wesley as a cryptocurrency savant as well as a professional gambler who wins enormous sums by counting cards. The truth is that he is a fraud, and we want to expose him for what he has done. He is not a professional crypto trader at all.
We are no longer worried about reprisals, because we have changed our addresses. Furthermore, with this information now out in public, it will be obvious that if we are harmed in any way, Wesley is the perpetrator.
Wenzhi Fei is a criminal. He deserves to be seen as one. He deserves to be investigated by the relevant authorities. By coming forward with our story, we hope that others will also be inspired to come forward.
SHOULD I HAVE BEEN LESS GULLIBLE?
It is often said that every investment comes with risk. Some of you may think that I was an idiot, and that I deserved to be scammed. You may think that I failed to do my proper due diligence. You may even think that I was blinded by my own greed.
Please ask yourself what you would have done in the circumstances. The co-founder of SupremeX, who was also an influencer and a television celebrity, had personally assured me that a big investor would be coming in before 25 August. He had explicitly told me to hold on to my position. He had explicitly told me that he was implementing a tactical move to cause the value of the coin to spike by 10x. On receiving these assurances, would you have sold your position?
Even if we were partially culpable, it still does not negate the fact that Wesley’s actions were fraudulent and highly manipulative. And of course, this does not even take into account that he sent thugs to break in to my flat, where I was living with my pregnant girlfriend.
No matter how you spin it, there is no denying that Wenzhi Fei is a thug, a criminal and a fraud.
TO OTHER VICTIMS OF SUPREME X
I am confident that each and every one of you felt sick on the day of 19 August 2022 when the rug was pulled, and the coin went to zero. Perhaps you blamed yourself. Perhaps you were merely waiting for the right time to speak out. Perhaps you were afraid that Wesley would use his underworld connections to send thugs to your homes.
I am sure that you have been rolling your eyes in disgust as Wesley has flaunted his expensive cars and watches on social media, all bought with YOUR money.
I have been feeling the exact same things for the past 18 months.
The time to speak up is NOW. We should no longer give this scoundrel any more cover. When we speak up, we are preventing him from doing this to others.
WHO AM I?
At this point, I would prefer to remain anonymous as I do not wish for this scandal to impact my professional career and private life. Moreover, I am trying to protect my family. They have no part in this.
I am willing to give interviews to journalists from news organizations. I can prove all of my claims. I would be willing to provide my identity (which can be verified) and also provide unredacted documentary evidence to any credentialed journalists under the obligation of strict confidentiality.
Uncoveringwesley@gmail.com