Andrew Tate, the former kickboxing champion and controversial online personality, has suffered a complete wipeout of his trading balance on the crypto derivatives exchange Hyperliquid after Bitcoin (BTC) briefly fell below $90,000 earlier this week.
On-chain analysis published by Arkham Intelligence shows that Tate lost every dollar he deposited into the platform, along with the referral rewards he earned from users trading under his code.
Arkham wrote in its post,:
“ANDREW TATE: HYPERLIQUIDATED. Andrew Tate deposited a total of $727K to Hyperliquid and as of today, has lost it all – without making a single withdrawal. He also claimed a total of $75K as referral rewards from traders using his reflink. He has lost all of that trading as well.”
The data surfaced during one of the sharpest intraday drops of the year.
On Nov. 18, Bitcoin hit a seven-month low of $89,393, triggering more than $800 million in liquidations across leveraged crypto positions. Tate’s account logs on Hyperliquid show a sequence of rapid forced closures as the market slid.
Tate, who built a sizable following through social media and business courses, has spent the past couple of years promoting cryptocurrency as part of a broader message about financial sovereignty. He has also been widely criticized for statements about women that many have described as misogynistic — a controversy that contributed to his bans across several major social platforms.
Tate’s crypto journey has not been smooth. During his legal proceedings in Romania in 2023, authorities seized multiple assets, including Bitcoin wallets attributed to him. At the time, those holdings were valued in the mid six-figure range.
After returning to social media platforms, Tate increasingly leaned into crypto-focused content, posting about Bitcoin accumulation, trading, and alternative finance.
Blockchain data shows repeated transfers of USDC and other assets through exchanges such as Binance, Coinbase, MEXC, FixedFloat and Hyperliquid.
His visible on-chain portfolio today includes a combination of major assets like ETH, SOL and USDC, alongside highly speculative tokens such as DADDY, TOPG, LF and multiple micro-caps. Arkham currently values these holdings at around $218,000, down significantly from a peak above $10 million during a brief surge in Solana-based tokens in late 2024.
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Hyperliquid is a rapidly growing decentralized perpetuals exchange known for offering:
High-leverage trading, often up to 20x or more depending on the asset
On-chain account structures, where funds remain in user-controlled wallets
Cross-margining, allowing traders to collateralize positions across multiple assets
Deep liquidity pools driven by on-chain automated market maker (AMM) mechanisms
Low latency order execution, making it appealing for active futures traders
Unlike centralized exchanges such as Binance or Coinbase, Hyperliquid is non-custodial. Traders deposit assets into a smart-contract environment, and liquidations occur algorithmically based on real-time collateral thresholds.
This design has attracted a large audience of high-frequency and speculative traders — but it also means that large volatility spikes, such as BTC’s fall below $90,000, can trigger cascading forced liquidations at speed.
Screenshots of Tate’s Hyperliquid dashboard show a string of BTC perpetual liquidation events over Nov. 14–17.
Many of these positions were opened at BTC prices between $93,000 and $95,000, each subsequently closed at a loss as the asset dropped through multiple support levels.
Liquidation entries include losses of:
$5,184
$1,235
$1,468
$1,745
$2,052
$2,484
$2,936
$3,367
$4,022
$4,809
$5,281
$6,187
$6,836
The pattern suggests Tate was repeatedly averaging into long positions as prices fell — a high-risk strategy that leaves traders vulnerable to rapid liquidation if volatility accelerates.
Arkham’s entity profile also shows that Tate sent more than $700,000 in USDC to Hyperliquid across multiple transactions but never withdrew funds, implying that the balance was entirely consumed by losses over time.
The liquidations came during one of the market’s most unstable periods of the year. A record-length U.S. government shutdown drained liquidity across derivatives markets, while disappearing hopes for a December rate cut weighed on equities and crypto at the same time.
After hitting $89,393, Bitcoin rebounded above $93,000, and Ethereum recovered to $3,000, partially reversing the drawdown.
According to Arkham, Tate still controls wallets holding ETH, SOL, USDC and various tokens, but his Hyperliquid balance has been fully erased.
It should be noted that Arkham’s analysis reflects activity from all publicly identified wallets linked to Andrew Tate, based on established attribution methods. Because crypto allows users to generate unlimited additional addresses, it is not possible to know whether he controls other wallets that are not publicly tagged. The findings therefore represent only the on-chain behavior visible from this single attributed account and may not capture his full holdings.
