The singer-songwriter recently took to social media to urgently search for his frequent collaborator, magician Will Tsai, who had allegedly been managing his Bitcoin investments. “Have you seen this magician Will Tsai who made himself disappear? If so, please notify me,” Chou wrote on Instagram.
He added: “This guy has been gone for a while. He gave a bunch of excuses and I believed them, letting you finish your performance. Did you think I wasn’t a magician, too? If you don’t show up soon, you’re finished.”
Reports citing insiders say Tsai had managed nearly NT$200 million in Bitcoin investments for Chou. The situation began to unravel last year when Tsai claimed the Bitcoin account had been locked.
Chou reportedly gave him a one-year grace period to resolve the issue, but the deadline has now passed with the funds unrecovered and Tsai unreachable. Following Chou’s social media post, Tsai reportedly responded that he would be “taking a break from social media” and would not offer further explanation.
The case has sparked discussion within Taiwan’s entertainment and crypto circles. Some cryptocurrency insiders suggested to local media that Tsai, known for using high leverage in his investments, may have faced a margin call, leading to a financial crisis and his subsequent disappearance.
Further allegations against Tsai have since surfaced. Fellow Taiwanese magician “Jian Zi” posted online detailing Tsai’s history of financial controversies, including claims of unpaid employee salaries and partners who did not receive promised payments or products. Jay Chou’s representatives have not yet issued an official statement.
