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Taiwanese Singer Jeffrey Huang Loses 110 Billion Won in Leveraged Crypto Trades
Jeffrey Huang, a Taiwanese-American celebrity singer and entrepreneur, reportedly suffered losses totaling approximately 110 billion Korean won over the past six months due to leveraged investments in the cryptocurrency market. According to cryptocurrency-focused media outlets Dailycoin and CCN on the 23rd, Huang, a former singer who also operates under the alias "Like Big Brother," is known for aggressive trading using high leverage ratios ranging from 25x to 40x. In the cryptocurrency market, "liquidation" refers to the forced closure of a leveraged position when an investor fails to meet margin requirements. ... (full story)
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