The story of being impoverished and bankrupt by an A9 big shot has gone viral, and I really don't understand it. With assets over a billion, he still used high leverage,

he shorted Ethereum 25 times $ETH .

As a result, he went bankrupt and lost everything.

Now I have a deeper understanding of what Buffett said, "A person only needs to be rich once; the rest of the time is spent on preserving wealth."