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October 16, 2026 7:26 am
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Taiwanese singer Jeffrey Huang, also known as Machi Big Brother, posted a $416,000 loss while trading $1.41 billion on Papertrade, a new Hyperliquid-based perpetual futures DEX, according to Lookonchain.
Huang also received 57.6 million PAPER during the trading process and earned $341,000 in USDC rewards from staking. Including the staking rewards, the loss narrows to $74,700.