Collapse on Hyperliquid: how Andrew Tate lost three-quarters of a million in a few months

The cryptocurrency market has once again demonstrated its ruthlessness. Former kickboxer Andrew Tate’s account balance on the decentralized exchange Hyperliquid has fallen to a catastrophic level — just $984. Blockchain analysts Arkham have identified a complete bankruptcy cycle: an initial deposit of $727,000 was fully spent on a series of unprofitable leveraged trades.

Trajectory of decline: from seven hundred thousand to one thousand dollars

The story of capital depletion began with an ambitious entry into the margin trading platform. Tate attempted to restore his balance after initial losses by using income from the referral program — $75,000 in commissions from invited users. Instead of a conservative withdrawal, he directed this amount into new trading positions. The outcome was predictable: an additional $75,000 loss followed immediately.

“He has only $984 left. He previously lost funds but earned from referrals and reinvested that money,” noted analyst Param.

Disorderly trading: 80 trades with a win rate of 35.5%

An analysis of trading activity reveals systematic errors in tactics. Over several months, more than 80 transactions were made with a win rate of only 35.5%. Among the most unprofitable episodes:

• June 2025: loss of $597,000 on the same platform
• September: a long position on World Liberty Financial (WLFI) resulted in a $67,500 loss
• November 14: the largest liquidation occurred with a Bitcoin position with 40x leverage, resulting in $235,000 in losses

The only success was in August with a short contract on YZY, which brought in $16,000 profit. However, this rare victory was erased by subsequent losing trades.

Status of one of the worst: what market analysts say

The total loss of approximately $699,000 over such a short period has earned Tate a dubious reputation. Cryptocurrency commentators gave him an unflattering assessment:

“Based on this trading history, Andrew Tate’s account balance indicates that he may be one of the worst traders in the crypto sector. People still pay him for advice,” commented one market analyst.

Broader context: other whales are also crashing

Tate is far from alone in his misfortunes on decentralized exchanges. The history is full of similar examples of large-scale bankruptcies:

• James Winn lost over $23 million; his account shrank from multimillionaire to $6,010
• Qwatio in July lost $25.8 million during a market rally when his short positions were liquidated
• 0xa523 suffered the largest losses — $43.4 million in one month on the same platform

Lesson on the risks of margin trading

The experience of all these participants underscores the critical danger of using high leverage on derivative platforms. Borrowed funds can both multiply profits and instantly wipe out a deposit if the market moves unfavorably. Even experienced and well-known traders are not guaranteed against catastrophic losses when working with volatile assets and excessive leverage.