"Machi" has basically lost all of the $261,000 deposited into Papertrade yesterday.

BlockBeats news, October 19, according to Lookonchain monitoring, "Machi Big Brother" Huang Licheng is continuously losing money on the Papertrade platform. The $261,000 he deposited yesterday has almost been completely lost, with only $5,682 left in his account.

Data shows that he lost $779,000 in trading, but earned $394,000 through USDC staking rewards, bringing his net loss to $382,000.