machi responds to rumors of 84x portfolio gains: fake news

According to Odaily, Machi Big Brother (Jeffrey Huang) responded to recent reports claiming his portfolio gained 84x, stating that these reports are fake news. Earlier reports claimed he capitalized on last week's one-way upward crypto market rally, rolling approximately $150,000 into a long position that grew to around $11.15 million, recovering roughly $11 million in cumulative profits. Over the past 10 months, his cumulative losses from longing ETH amounted to approximately $35 million; after this round of profits, his historical losses narrowed to about $24 million. Previous on-chain data also indicated that his historical cumulative losses remained in the tens of millions of dollars.