Machi Big Brother Shut Down: $15 Million Cryptocurrency Loss on Hyperliquid

Liquidation Loss: Jeffrey Huang, known as Machi Big Brother, faced a full liquidation loss of over $15 million due to a highly leveraged trading position during a market downturn, leaving him with only $16,771 in his account.

Trading Strategy Risks: The incident underscores the volatility and risks associated with high-leverage trading on decentralized platforms, even for experienced investors like Huang, whose aggressive strategies often lead to significant profits and losses.

Background of Machi Big Brother: Huang is a notable figure in both the entertainment and crypto industries, having transitioned from a music career to becoming a prominent on-chain trader and NFT collector, particularly known for his involvement with the Bored Ape Yacht Club.

Controversies and Ventures: His crypto journey includes founding various projects and facing allegations of embezzlement, while he continues to launch new initiatives like Ape.fi, aimed at integrating NFTs with decentralized finance, despite recent financial setbacks.