Crypto Investor James Wynn Loses $87 Million in Five Days

James Wynn, a prominent figure in the cryptocurrency space known for his high-risk trading strategies, experienced a dramatic wipeout of his substantial portfolio. Just days after hitting an impressive $87 million in unrealized profit from long Bitcoin positions, Wynn’s holdings were decimated by market fluctuations and subsequent short selling activity. His losses came as a result of a series of aggressive bets tied to the volatile cryptocurrency market. 0x2258, a savvy trader on the decentralized exchange Hyperliquid, profited over $5.6 million by exploiting Wynn’s bet against his positions.