I just came across a story about Andrew Tate on Hyperliquid, and honestly, his situation on this exchange is just disastrous. The guy lost $800,000 over a few months. He started with a deposit of $727,000, then received another $75,000 from referrals, and all of it ended up with less than a thousand dollars in his account.

Arkham analysts broke down his trades in detail. It turns out that in June he had already lost $597,000, then in September he lost $67,500 on World Liberty Financial, and in November he opened a long position on Bitcoin with 40x leverage and lost $235,000 in one go. Out of over 80 trades, he only won 35.5 percent. The only positive was in August, when he made $16,000 on a short, but that’s just a drop in the bucket.

What’s crazy is that people still listen to his advice, even though his trading record clearly isn’t impressive. Market analysts have already dubbed him one of the worst traders in crypto. It shows that even well-known people can completely miscalculate with margin trading. High leverage is no joke, especially when the market moves against you.

Interestingly, Tate isn’t the only one like this. James Winn lost $23 million on the same platform, Qwatio lost $25.8 million, and 0xa523 even lost $43.4 million in a month. It turns out Hyperliquid is a serious risk for everyone trading with leverage there.