Machi Big Brother is known for taking massive, highly leveraged long positions in various tokens on the decentralized exchange Hyperliquid, resulting in notable and high-profile liquidations.

Recent turbulent months have severely depleted his remaining resources.

Fortune Shrinks

Blockchain data shared by Arkham Intelligence indicated that Machi Big Brother’s Hyperliquid account has dwindled to less than $1 million. The data shows Jeffrey Huang, a Taiwanese-American entrepreneur, added margin to recent Hyperliquid long positions by utilizing funds from the PleasrDAO treasury deposited approximately five years ago.

Arkham evaluates that about five months ago, Machi’s net worth approached nine figures. However, his assets have since undergone a sharp decline.

The firm estimates his total trading performance has resulted in a loss of $28 million, identified through wallet activity associated with Machi Big Brother and the PleasrDAO treasury.

Controversies

Machi Big Brother has been a controversial figure in the cryptocurrency space, notorious for his significant gains, dramatic losses, and continual reinvention. He entered the sector around 2017, launching Mithril (MITH), a “social mining” project that raised approximately $13 million but saw the token drop about 80% within months.

Later, he collaborated with Formosa Financial, raising roughly 44,000 ETH, valued at around $37 million at that time, but eventually, about 22,000 ETH went missing from the treasury without recovery. In 2020, he aggressively entered DeFi by forks such as Cream Finance, which fell victim to numerous exploits with total losses exceeding $192 million.

Additionally, he has launched multiple fast-paced forks like Mith Cash, Wifey Finance, and Typhoon Cash, many of which failed shortly. From 2021 through 2023, he emerged as a significant player in the NFT market, acquiring over 200 Bored Ape Yacht Club NFTs valued at more than $9 million at their peak.

He later dumped more than 1,000 NFTs in a brief period, crashing their floor prices in an event termed the “Machi Dump.” In 2022, on-chain investigator ZachXBT accused him of misappropriating 22,000 ETH, leaving numerous failed ventures behind. In response, Machi filed a defamation lawsuit in Texas that concluded without any ruling.

In 2024, he introduced the Boba Oppa meme coin on Solana, raising over $40 million before the token experienced a sharp downturn.