# Trader Suffers Over 2,100 Liquidations on Papertrade Platform

By [The BSCN Debrief](https://paragraph.com/@bscnalpha), 2026-11-14

bsc news brief, crypto news

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Cryptocurrency trader Jeffrey Huang has lost $2.22 million through more than 2,100 liquidations on Papertrade, a derivatives platform operating on Hyperliquid. Analytics firm Lookonchain tracked the losses, which occurred since the platform's October launch. Papertrade offers synthetic perpetual contracts with leverage reaching 1,000 times and provides PAPER token rewards when traders face liquidations, partially offsetting damage.

The Papertrade losses add to Huang's substantial trading record. Between September 2025 and March 2026, he accumulated $75.19 million in realized losses on Hyperliquid with over 335 liquidations, earning him recognition as a high-risk trader. His positions remain publicly visible through blockchain monitoring, illustrating the dangers of extreme leverage in volatile markets.

**Read the full story on BSC News:** [Machi Big Brother Liquidated More Than 2,100 Times on Papertrade, Losing $2.22 Million](https://bsc.news/news/machi-big-brother-papertrade-liquidations?utm_source=paragraph&utm_medium=brief&utm_campaign=article_wire)

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*Originally published on [The BSCN Debrief](https://paragraph.com/@bscnalpha/trader-suffers-over-2100-liquidations-on-papertrade-platform)*