This is the latest blowup of the week. Crypto influencer Jeffrey Huang, known as Machi Big Brother, pulled off the classic โrags to richesโ routine. In just four months, he managed to grow his balance from $56,000 to $12.25 million through wildly risky leveraged Ethereum trades.
Think he withdrew the money, bought an island, and retired? Not a chance. His entire position was liquidated (the market moved against him), leaving $21,800 in his balance. His losses totaled 99.8%. The funniest part is that exactly 25 minutes after this total wipeout, he put his last few pennies back into the very same trade. A true crypto samurai with no goal but liquidation.
