This crypto trader just lost $100M, but he’s still not done
The $100-million fall: James Wynn and the perils of crypto leverage
In the volatile arena of cryptocurrency trading, the saga of James Wynn, a trader on the decentralized exchange (DEX) Hyperliquid, illustrates both the excitement and risks associated with it.
In late May 2025, Wynn suffered nearly $100 million in liquidations after Bitcoin (BTC) dropped below $105,000. His bold leveraged bets collapsed swiftly, erasing a vast fortune. Bitcoin’s extreme volatility, oscillating between soaring peaks and steep declines, underscores the promise and risk of high leverage.
Despite the severe losses, Wynn remained steadfast, maintaining significant leveraged positions with substantial…
