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How to lose $74,000,000:
be Machi Big Brother
- ex L.A. Boyz member
- NFT whale
- founder of Mithril
- linked to Cream Finance
September 2025
- ETH around $4,700
- opens massive long
- 25x leverage
conviction: “ETH goes higher”
market goes the other way
- liquidation
- reopens
- liquidation
- reopens again
over 145 liquidations on Hyperliquid
doesn’t stop
- adds more margin
- taps old PleasrDAO treasury funds
- increases exposure
February 2026
- opens 40x BTC long
- 10x HYPE long
- 3x VVV long
closes them
~$275,000 loss
still keeps the 25x ETH long
February 28, 2026
- full ETH liquidation
- immediately opens another 25x long
March 2, 2026
- further liquidation
- balance left on Hyperliquid ~$8,500
six months
~$74,000,000 gone
from nine-figure account to four digits