High-leverage trader James Wynn deactivates X account after massive losses
- James Wynn’s X handle now indicates the account does not exist after he deactivated it.
- His wallets show a combined balance of just $10,176, down from $100 million.
- In May, Wynn’s long-BTC positions worth $100 million were liquidated when Bitcoin fell below $105,000.
- Wynn admitted to lacking proper risk management and referred to his trading as gambling.
- He previously appealed for donations from the crypto community to fund his trading activities.
James Wynn gained notoriety for his high-risk trading strategies on the Hyperliquid platform, often resulting in significant financial losses. His recent deactivation of the X account follows a series of disastrous trades that have drawn criticism from other investors.
Wynn’s wallet now holds only $6,580 out of an initial $100 million investment, highlighting the risks associated with high-leverage trading practices in cryptocurrency markets. (Source)
