Machi Big Brother loses $12.2 million trading fortune in crypto selloff

Crypto trader Machi Big Brother has seen his Hyperliquid trading account fall to just $21,800 after building a $56,000 stake into more than $12 million over four months. Summary Machi Big Brother’s Hyperliquid trading account fell from a reported peak of $12.25 million to approximately $21,800 following liquidation. Lookonchain said the trader had turned an initial $56,000 into more than $12 million over four months before losing nearly all of those gains. The liquidation occurred as Bitcoin dropped below $81,000 and Ethereum approached $2,380 amid heavy selling across the crypto market. Machi reportedly returned to trading shortly afterward, opening another Ethereum long position with 25x leverage. According to blockchain analytics platform Lookonchain, the trader, whose real name is Jeffrey Huang, was fully liquidated on October 15 after a series of leveraged trades went against him. In an October 15 X post, the platform said Machi had grown his initial $56,000 into $12.25 million through trading before his account balance dropped to $21,787.78. The decline represents a loss of more than 99% from the account’s reported peak, effectively wiping out the gains accumulated over the p...