$12 Million Hyperliquid Run Ends in Total Loss for Trader Machi Big Brother

A prominent crypto trader lost a seven-figure Ethereum position and reopened leveraged exposure minutes later, according to CryptoPotato and CryptoSlate. A crypto trader operating under the handle Machi Big Brother was reportedly wiped out on the decentralized perpetuals exchange Hyperliquid, according to CryptoPotato. The report followed a run of gains that had reached roughly $12 million before the reversal. The outlet did not specify the exact size or asset of the position that triggered the liquidation. CryptoSlate separately reported that the trader lost $269,000 on an Ethereum position.

Source: TheCoinrise