Machi Big Brother Huang Licheng has rejected a claim circulating in the crypto market that his portfolio posted an 84x return, calling the report fake news. The rumor had said he rode last week’s one-way market rally and rolled a roughly $150,000 long position into about $11.15 million, for a recovery of around $11 million. It also claimed that after losing about $35 million from long ETH positions over the past 10 months, the latest profit reduced his historical losses to about $24 million. Earlier on-chain data referenced in the market had indicated that his cumulative losses still stood in the tens of millions of dollars.
Huang Licheng, known in the market as Machi Big Brother, said a recent claim that his portfolio generated an 84x return is fake news, according to Odaily.
The circulating report had said Huang caught last week’s one-way rally in the crypto market and rolled a roughly $150,000 long position into about $11.15 million, marking a recovery of around $11 million.
That account also said he had lost about $35 million from long ETH positions over the past 10 months, and that the latest gain narrowed his historical losses to about $24 million. Earlier on-chain data cited in the discussion had shown that his cumulative historical losses were still in the tens of millions of dollars.
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