Andrew Tate gets ‘hyperliquidated’ as Bitcoin crash wipes out his entire balance

Andrew Tate, the erstwhile kickboxing champion and arguable online personality, has suffered a implicit wipeout of his trading equilibrium connected the crypto derivatives speech Hyperliquid aft Bitcoin (BTC) concisely fell beneath $90,000 earlier this week.

On-chain investigation published by Arkham Intelligence shows that Tate mislaid each dollar helium deposited into the platform, on with the referral rewards helium earned from users trading nether his code.

Arkham wrote successful its post,:

“ANDREW TATE: HYPERLIQUIDATED. Andrew Tate deposited a full of $727K to Hyperliquid and arsenic of today, has mislaid it each – without making a azygous withdrawal. He besides claimed a full of $75K arsenic referral rewards from traders utilizing his reflink. He has mislaid each of that trading arsenic well.”

The information surfaced during 1 of the sharpest intraday drops of the year.

On Nov. 18, Bitcoin deed a seven-month debased of $89,393, triggering much than $800 cardinal successful liquidations crossed leveraged crypto positions. Tate’s relationship logs connected Hyperliquid amusement a series of accelerated forced closures arsenic the marketplace slid.

Related: Andrew Tate is unspeakable astatine crypto trading, information shows

Tate, who built a sizable pursuing done societal media and concern courses, has spent the past mates of years promoting cryptocurrency arsenic portion of a broader connection astir fiscal sovereignty. He has besides been wide criticized for statements astir women that galore person described arsenic misogynistic — a contention that contributed to his bans crossed respective large societal platforms.

Tate’s crypto travel has not been smooth. During his ineligible proceedings successful Romania successful 2023, authorities seized aggregate assets, including Bitcoin wallets attributed to him. At the time, those holdings were valued successful the mid six-figure range.

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After returning to societal media platforms, Tate progressively leaned into crypto-focused content, posting astir Bitcoin accumulation, trading, and alternate finance.

Blockchain information shows repeated transfers of USDC and different assets done exchanges specified arsenic Binance, Coinbase, MEXC, FixedFloat and Hyperliquid.

His disposable on-chain portfolio contiguous includes a operation of large assets similar ETH, SOL and USDC, alongside highly speculative tokens specified arsenic DADDY, TOPG, LF and aggregate micro-caps. Arkham presently values these holdings astatine astir $218,000, down importantly from a highest supra $10 cardinal during a little surge successful Solana-based tokens successful precocious 2024.