The legendary cryptocurrency story of the insider brother ultimately ended in a total loss. He used a principal of 3 million and made a staggering 29 million in just six months, but ultimately faced a liquidation due to high leverage shorting, especially after a $475,000 ETH short position on GMX in early August, resulting in a total loss of 32 million including the principal and interest.

This is truly a bloody lesson in high-leverage trading, warning all cryptocurrency traders that leverage can amplify gains but also instantly amplify risks. Risk control and stop-loss strategies are the keys to survival.