Trader Who Lost Millions in Crypto Deletes X Account

High-risk trader James Wynn, who lost millions of dollars trading cryptocurrencies, has deleted his account on X, the social network banned in Russia.

When attempting to access Wynn’s account, a message appears stating that the account no longer exists. His crypto wallets have been almost completely drained, now holding digital assets worth just $6,594.

Virtual currencies in Wynn’s wallets

James made a fortune speculating on highly volatile meme coins, but his venture into Bitcoin ended in total disaster. In May, Wynn suffered a $99.3 million loss after a $1.25 billion long position with 40x leverage was liquidated. He then made several more mistakes by betting against BTC, accumulating total losses of approximately $100 million.

Reports indicated Wynn was actively shorting Bitcoin as its price approached a new all-time high.

“Rest in peace to his crypto wallets, now holding less than $10,000,” wrote blogger The ₿itcoin Therapist.

Wynn fell victim to his own reckless decisions. By his own admission, he lacked a proper risk management system and treated crypto trading like gambling. James has become a prime example for the crypto community of how not to trade Bitcoin. Whether he will return to trading remains a mystery.

See also: "Bitcoin Breaks $122,000 for the First Time — What’s Next? "

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