Arkham Intelligence estimates cumulative trading losses at $28 million.
The past volatile months have massively depleted his remaining capital.
Fortune shrinks
Blockchain data shared by Arkham Intelligence revealed that Machi Big Brother’s Hyperliquid HL account value has fallen below $1 million. The data shows that the Taiwanese-American entrepreneur and former musician, whose real name is Jeffrey Huang, has added margin to recent long positions in Hyperliquid by tapping into the PleasrDAO treasury, money that was deposited about five years ago.
Arkham Intelligence reports that Machi Big Brother’s net worth was close to nine figures about five months ago. Since then, his holdings have witnessed a sharp decline.
The on-chain tracking company estimates its cumulative trading performance at a loss of $28 million. The movements were identified through wallet activity linked to Machi Big Brother and the PleasrDAO treasury.
Controversies
Machi Big Brother is one of the controversial figures in crypto known for huge profits, heavy losses and constant reinvention. He entered the space around 2017, with the launch of Mithril (MITH), a “social mining” project that rewarded users with tokens. The project raised about $13 million, but the token collapsed about 80% within months.
He later joined Formosa Financial, which helped raise about 44,000 ETH, worth about $37 million at the time. About 22,000 ETH later disappeared from the treasury and was never recovered. In 2020, he aggressively moved into DeFi, founding Compound to create Cream Finance. The protocol suffered multiple exploits and total losses exceeded $192 million.
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He went on to launch fast-moving forks such as Mith Cash, Wifey Finance and Typhoon Cash, many of which failed within weeks. From 2021 to 2023, he became a dominant NFT player, collecting over 200 Bored Ape Yacht Club NFTs worth over $9 million at its peak.
He later sold more than 1,000 NFTs in a short period of time, causing rock-bottom prices to plummet in what became known as the “Machi Dump.” In 2022, on-chain researcher ZachXBT accused him of embezzling 22,000 ETH and leaving behind multiple failed projects. Machi responded with a defamation case in Texas, which quietly ended without a verdict.
In 2024, he launched the Boba Oppa meme coin on Solana. He raised more than $40 million before the token fell sharply.
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