Controversial influencer Andrew Tate has lost nearly $800,000 in a series of failed cryptocurrency trades on the decentralized exchange Hyperliquid. His account was completely drained following 84 separate liquidations driven by high-leverage bets on Bitcoin during a severe market downturn.

A Series of High-Stakes Liquidations

Tate initially deposited $727,000 into his Hyperliquid account and earned an additional $75,000 through referral rewards, likely from his Hustlers University program. Despite the sizable starting capital, he lost the entire amount without making a single withdrawal. His trading history shows a win rate of just 35.53%.

The losses mounted over the last year, culminating in a significant wipeout in November. His largest single loss was $235,000 on November 14 from a long position on Bitcoin using 40x leverage. According to data from the blockchain analytics firm Lookonchain, Tate repeatedly attempted to “buy the dip,” betting on price rebounds that never materialized.

His final trade occurred on November 21, when a new long position on Bitcoin was liquidated within an hour of being opened. Tate’s account activity became public in June when he accidentally revealed his wallet address while discussing an Ethereum position, which at the time was already down $600,000.

Broader Market Turmoil

Tate’s losses were part of a wider market crash that saw Bitcoin’s price fall to around $80,500 on November 21. The sharp drop triggered a cascade of liquidations across the industry, wiping out approximately $2 billion in leveraged positions and affecting nearly 400,000 traders on that day alone. While Bitcoin has since recovered some of its value, trading around $86,000 on November 24, the recovery came too late for Tate’s account.

A Sudden Pivot to Privacy

In the aftermath of his public trading failure, Tate shifted his focus away from his losses and began promoting privacy-focused technology. In a video posted on X, he discussed the importance of zero-knowledge proof solutions, claiming the “new meta is going to be privacy” as artificial intelligence algorithms are increasingly used to track crypto transactions.

He argued that these privacy tools would allow users to transact without government oversight. This pivot occurred while his Hustlers University program continued to promise immediate financial returns to new members. As recently as November 20, Tate encouraged followers to join, stating they could “make money today, buy crypto today.”