Brother Maji Get Liquidated with a terrible loss: 44.5 million USD profit evaporated, losing 10 million.

The Crypto Assets market has encountered a fierce dumping, and Taiwanese musician and well-known crypto investor Huang Li-cheng (alias "Machi Big Brother") has also become one of the victims. His leveraged Ether Position on the decentralized derivatives trading platform Hyperliquid was subject to Forced Liquidation, resulting in a loss of $44.5 million from his original accumulated profits, with a paper loss of $10 million. This incident was revealed by the on-chain data platform Arkham, once again sparking intense discussions in the market about the risks of "high-margin trading."

Brother Ma Ji's total profit and loss has drastically reversed by 54.5 million USD.

According to Arkham's analysis, Huang's account on the Hyperliquid platform originally showed a cumulative profit and loss of +44.5 million USD, but during the sharp decline on October 10, his 79 million USD ETH long position was subjected to a series of forced liquidations, with a leverage ratio as high as 15 times, ultimately resulting in a paper loss of -10 million USD.

Before the liquidation, his account had only about 2 million dollars in margin, and Hyperliquid's high-performance consensus mechanism HyperBFT allowed the liquidation process to be completed quickly, leaving him no chance to escape. Although the platform emphasizes complete on-chain, transparency, and millisecond-level matching speed, it also amplifies the risks for high-leverage traders in a highly volatile market.

The community's reaction is polarized: on one side, they are watching the drama unfold, while on the other side, they express sympathy.

The news of Machi Big Brother's forced liquidation quickly sparked heated discussions on X, with comments showing polarization. Some users like @marimayaa__ expressed that "karma has come" regarding his past controversies, while others such as @JamesWynnReal offered support: "I'm willing to lend a hand if you need someone to talk to."

Famous KOL @czamaru further made a sarcastic remark: "What’s the best way to avoid losing hundreds of thousands? Just don’t open a Position at all." This turned the entire incident into a large public class about high Margin Trading and risk control concepts.

Hyperliquid: Speed and Risk Coexist

Hyperliquid is a decentralized derivatives trading exchange known for its self-developed chain architecture, boasting a transaction processing capacity of 200,000 trades per second and an ultra-fast latency of 0.2 seconds. Although this design provides traders with an almost centralized experience, the lack of central control and risk management mechanisms makes high-leverage users extremely susceptible to forced liquidation under extreme market conditions.

The platform will return 97% of the transaction fees to the token buyback mechanism, but such an aggressive business model cannot protect heavyweight investors like Machi Big Brother during severe market fluctuations.

Another observer, @bobbyong, stated: "The market has become accustomed to those who have lost hundreds of millions." Similar cases to Machi have also emerged one after another, such as James Wynn, who previously suffered a liquidation loss of 100 million dollars.

This article "Brother Ma Ji's forced liquidation results in a disastrous loss: 44.5 million dollars in profits evaporated, a loss of 10 million" first appeared in on-chain news ABMedia.