Original | Odaily Planet Daily (@OdailyChina)
On October 15, Jay Chou, who had just finished his carnival tour, posted on his Instagram account with millions of followers to look for his former magician friend Cai Weize, and he made a strong statement: "If anyone sees this magician who has made himself disappear, please let me know. Do you think I'm not a magician? If you don't show up soon, you're done." He then directly unfollowed him.
About an hour after Jay Chou's post seeking his friend, Cai Weize responded on Instagram saying, "It's really been a long time since I've appeared," and then added, "Sorry will stay off social for another bit. Expect temp void of response."
The "interdimensional" dialogue between Jay Chou and his former friend Cai Weize left fans confused about what could have happened to make Jay Chou speak so harshly.
Is Cai Weize deceiving Jay Chou in the name of magic investment?
Cai Weize is a magician from Taiwan, who appeared on "America's Got Talent" in 2017, but he is more famously known as a close friend of Jay Chou. In 2018, he collaborated with Jay Chou to perform "Confession Balloon" at the CCTV Spring Festival Gala, and in 2020, he participated as a regular guest in Jay Chou's travel reality show "Travel with Jay Chou."
The recent fallout between Jay Chou and Cai Weize is widely speculated to be due to a financial dispute. On October 16, Taiwanese media reported that the two were allegedly involved in a financial dispute amounting to over 100 million New Taiwan dollars (approximately 23 million USD), which has already caused losses to a third party. Jay Chou's JVR Music Company received a demand letter from a third party, and when Jay Chou privately messaged the other party, he received no response, leading him to take this drastic measure.
JVR Music Company has not responded to this matter. However, some media speculate that the catalyst for the situation was the magic project investment for "Travel with Jay Chou 2" in 2024. At that time, Cai Weize proposed a collaboration, and out of trust, Jay Chou allowed his JVR Music Company to invest over 100 million New Taiwan dollars. However, after the project ended, Cai Weize defaulted on the repayment on the due date, and JVR Music Company not only failed to recover the repayment but also implicated several cooperating third-party companies.
Did he lose everything while helping Jay Chou invest in Bitcoin during "10.11"?
But there is another version of the story circulating in the crypto community. According to some media speculation, Jay Chou did not give Cai Weize 100 million USD for a magic investment, but rather entrusted him to invest and manage Bitcoin. However, a year ago, Cai Weize claimed that the account he was managing for Jay Chou was locked, and Jay Chou's money could not be withdrawn. He lamented that many people were asking him for money, so Jay Chou gave him time. Unexpectedly, Cai Weize then vanished, and the assets have yet to be returned. Jay Chou, now at his wit's end, publicly called him out on Instagram.
Insiders revealed that Cai Weize was also active in the blockchain investment circle and had often leveraged his relationship with Jay Chou to solicit investments. There were even rumors that he had his girlfriend misappropriate company funds for crypto trading. He also claimed to have connections with members of royal families in Southeast Asia and the Middle East, helping them invest and taking commissions.
At the same time, some in the crypto community speculate that Jay Chou's over 100 million New Taiwan dollars may have been liquidated during the massive crash on "10.11," and Cai Weize, unable to face Jay Chou, chose to go into hiding.
However, so far, these claims are all speculation and lack any concrete evidence. Jay Chou has since deleted the post seeking Cai Weize, possibly indicating that a private resolution has been reached, or perhaps due to public influence.
Cai Weize gained fame in 2017 when he participated in "America's Got Talent," using four coins worth 10 New Taiwan dollars as performance props, making the coins disappear, move, and even turn into petals, claiming it was his original magic. This opened the door to greater recognition, and he developed a closer relationship with Jay Chou, who loves magic. Now, with Cai Weize allegedly absconding with over 100 million New Taiwan dollars worth of Bitcoin, it resembles a real-life version of "Now You See Me."
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