Machi Big Brother incurs $74M losses on Hyperliquid after repeated ETH liquidations driven by high leverage and market volatility.
Author: Akshat Thakur
March 2, 2026 — Machi Big Brother $74M losses on Hyperliquid have emerged after a series of high-leverage Ethereum trades were liquidated over the past six months. According to Arkham Intelligence data, the losses follow more than 145 liquidations since October 2025, leaving his trading account with just $8,500 remaining.
The latest wave of liquidations was triggered after a 9% drop in ETH price, linked to geopolitical tensions following U.S. strikes on Iran. These market shocks wiped out multiple leveraged positions that were opened with 25x to 40x leverage.
High Signal Summary For A Quick Glance
your boy Armani 🫂
@armanifeante
@arkham How do you have $74m and still use a leverage on a platform where the people whose money you are trying to take can see your position? I’m not smart enough to understand the logic behind it. And that’s why I can’t lose that kind of money on leverage.
MACHI BIG BROTHER HAS $10K LEFT In the last 6 months Machi Big Brother has lost $74 Million - attempting to leverage long ETH since September, when ETH was at $4.7K. He now has $8.5K left in his HL account. It appears that he is almost out of money. https://t.co/mpp9GX012n
07:26 AM·Mar 2, 2026
Emperor👑
@EmperorBTC
@arkham Money that's made by fraud, cheating and scamming, will never be useful. Crypto scammers losing it are a real example.
MACHI BIG BROTHER HAS $10K LEFT In the last 6 months Machi Big Brother has lost $74 Million - attempting to leverage long ETH since September, when ETH was at $4.7K. He now has $8.5K left in his HL account. It appears that he is almost out of money. https://t.co/mpp9GX012n
07:17 AM·Mar 2, 2026
Pudgy Clown
@Pudgy_Clown
@arkham From $4.7K longs to $8.5K left. Market humbles everyone.
MACHI BIG BROTHER HAS $10K LEFT In the last 6 months Machi Big Brother has lost $74 Million - attempting to leverage long ETH since September, when ETH was at $4.7K. He now has $8.5K left in his HL account. It appears that he is almost out of money. https://t.co/mpp9GX012n
07:07 AM·Mar 2, 2026
Steady attention without excessive speculation.
Jeffrey Huang is a Taiwanese-American entrepreneur who transitioned from music into tech and crypto. He founded 17 Media in 2015, later merging into M17 Entertainment Group, and entered crypto in 2017 with the launch of the Mithril (MITH) token.
His involvement in crypto has been controversial. In 2022, blockchain investigator ZachXBT accused him of running a $5 million pump-and-dump involving MITH, an allegation Huang denied before later dropping the lawsuit.
Huang later became a major NFT collector in the Bored Ape Yacht Club ecosystem and a contributor to PleasrDAO. His trading activity intensified in 2025, particularly on perpetual trading platforms.
The losses did not occur in a single event. Instead, they developed over months of aggressive trading. In early 2025, Huang recorded $44 million in profits through leveraged trading strategies. However, this success reversed sharply in October 2025 when market conditions shifted.
Since then:
By February 2026, losses had already crossed $71 million, with repeated liquidations reducing his account to under $1 million before the latest wipeout pushed total losses to $74 million.
Src: Arkham Intelligence
Machi Big Brother incurred $74M in losses by pursuing a strategy that relied on high-leverage long positions in Ethereum and other assets.
Huang frequently opened positions using 25x to 40x leverage, often near market peaks around $4,700 ETH. Machi Big Brother funded these trades through cross-margin exposure, spot ETH sales, and asset rotations, including funds linked to PleasrDAO holdings.
When ETH prices dropped sharply during market volatility, these positions quickly reached liquidation thresholds. A single 9 percent ETH drop linked to geopolitical developments triggered cascading liquidations, erasing multiple positions within hours.
Over time, Huang’s approach reflected a Martingale-style pattern, where positions were increased during downturns in an attempt to recover prior losses. This amplified risk and accelerated the pace of liquidation events.
It remains unclear whether Huang will continue trading on Hyperliquid or shift strategies following the losses. His previous trading history shows both large gains and significant drawdowns, suggesting a high-risk trading profile.
Going forward, the market will likely watch closely for any new onchain positions or strategy changes, as well as broader implications for whale behavior in leveraged DeFi markets.
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