• News
  • Film and TV
  • Music
  • Tech
  • Features
  • Celebrity
  • Politics
  • Weird
  • Community
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
TikTok
YouTube
Submit Your Content
Crypto millionaire loses record-breaking $3.1 million pot by trying to bluff a poker legend

Home> News

Published 11:36 1 Jun 2023 GMT+1

Crypto millionaire loses record-breaking $3.1 million pot by trying to bluff a poker legend

Poker legend Tom Dwan took home the record-breaking pot.

Ali Condon

Ali Condon

Crypto millionaire Wesley Fei may by a whiz when it comes to virtual currencies, but it would seem his skills don't translate to the poker table.

That became clear this week when he suffered a devastating financial loss at a high-stakes poker game against the legendary Tom Dwan.

The two went head to head at LA's Hustler Casino with a whopping $1 million buy-in.

Fei, the founder of investment firm Infinite Decentralization Capital, tried his best to triple-barrel bluff Dwan, but instead ended up losing $3.1 million - the biggest pot in televised poker history. Ouch.

Advert

The crypto millionaire lost a record-breaking pot.
Hustler Casino Live

It all kicked off when a player named LSG Hank raised to $7,000 and Wesley Fei decided to raise to $30,000.

Not to be outdone, poker pro Tom Dwan raised $100,000.

While LSG Hank folded, Fei decided to rise to Dwan's challenge and plough on with an eye-watering $275,000 raise.

Advert

At this point, with a whopping $562,000 in the pot, Dwan called and the two players entered the flop phase of the game.

Even though he only had an ace high, Wesley tried to bluff, betting another $125,000.

But Tom called his bluff, adding a further $300,000 to the pot.

Yeah, it was an intense game.

Advert

Still trying to throw Tom off, despite only holding his ace high, Wesley bets a further $350,000 - but Tom doesn't fall for it, and decides to call.

Tom Dwan took home the biggest pot in the history of televised poker.
Hustler Casino Live

By now, the pot had tallied up to $1.5 million.

When the final card, aka the river, arrived on the board it was clear to Fei and to viewers watching from home that the crypto genius had nothing but an ace high and a prayer.

Advert

Still, convinced he could throw Dwan off, Fei boldly decided to go all in, bringing the pot up to $2.3 million.

It was a simple win for Dwan - though he didn't know it - only needing a pair to beat Fei.

A computer reader was able to detect that Dwan was holding a pair of queens, so all he had to do was call Fei's bet and the jackpot was his.

After a few minutes of deliberation, Dwan did call, bringing the pot up to a record-breaking $3.1 million.

Advert

One look at Fei's face was all Dwan needed to realise he had won the game.

You just can't beat the pro.

Wesley just couldn't bluff the poker legend.
Hustler Casino Live

Congratulating Fei on a good game, Dwan said in a post-game interview with Hustler Casino Live: "Wesley Fei plays really good.

Advert

"I had a guess that he might go for a little bit today. I wasn't sure that was right. I could have easily been wrong and paid him off.

"But I had a bit of a read that my queens were good."

Hope that helps to soften the $3 million blow.

Featured Image Credit: Hustler Casino Live

Topics: Cryptocurrency, Money

Ali Condon
Ali Condon

Ali is a journalist for LADbible Group, writing on all things film, music, and entertainment across Tyla, LADbible and UNILAD. You can contact Ali at [email protected].

X

@alicondon

Advert

Advert

Advert

Choose your content:

an hour ago
2 hours ago
  • an hour ago

    Mom defends putting daughter, 13, on weight loss jabs after revealing changes she's seen

    Her mom admitted to having duped the online chemist into believing the weight loss jabs were for her

    News
  • an hour ago

    White House press secretary, 27, admitted to being concerned over age gap with her husband

    Karoline Leavitt wed Nicholas Riccio in January 2025, shortly before Trump's inauguration

    News
  • 2 hours ago

    Jennifer Aniston makes scathing comment about Elon Musk after love interest comparison

    Jennifer Aniston discussed her character's love interest on The Morning Show

    Celebrity
  • 2 hours ago

    Man found ex-girlfriend dead in his apartment but lived with her body for years as court hears shocking details

    The last known sighting of the deceased woman was in May 2022

    News
  • Billionaire crypto backer Mark Cuban loses nearly $1 million due to common scam
  • El Salvador Loses Half Of Its Investment In Bitcoin As Crypto Massively Crashes
  • Missing Star Wars prop sells for record breaking $3.13 million after being found in a garage
  • Store owner who sold record-breaking $2.04 billion lottery ticket wins $1 million prize