What will James Wynn do next after the 100 million dollar loss?

James Wynn, a famous trader who became a legend in the crypto community thanks to billion-dollar trades with high leverage on the Hyperliquid platform, once again became the center of attention.

This time, it is not because of a sensational transaction, but rather due to haunting confessions and sharp criticisms aimed at the very platform that once propelled him to the heights.

James Wynn is obsessed with his trades

Wynn revealed that he has been struggling with insomnia, panic attacks, and mental pressure since stepping back from the risky games that once made him a prominent figure in the crypto world.

Still reeling from a loss of 100 million dollars, Wynn said he is trying to quell the calls to return, but the temptation remains.

Beneath the spotlight, the rift between Wynn and Hyperliquid has opened a dramatic new chapter in his story. Although he was once seen as the "unofficial face" of this permanently decentralized exchange, Wynn claims he has never received a compensation worthy of him other than $34,000 from the referral program.

"I only earned $34,000 from their referral system. That's really too little compared to the number of sign-ups and the trading volume I brought in. Their referral program is very poor. Other platforms perform much better. In my opinion, when CZ launches the permanent DEX based on the dark pool model, it will put an end to Hyperliquid," Wynn shared in a post.

Recently, Changpeng Zhao (CZ) has been proposing a DEX platform based on a dark pool model for perpetual futures contracts. According to CZ, this will help prevent front-running and enhance privacy for transactions.

Wynn has contacted Hyperliquid twice to discuss a potential partnership, considering the level of exposure and trading volume that his trades have brought to this platform. However, the team declined, citing their decentralized model and not offering any individual agreements.

This has raised many speculations from critics like Gumshoe, suggesting that the Binance platform is currently backing Wynn.

Gumshoe also refers to Wynn playing a game of "4D chess," which includes navigating market narratives, listing the HYPE token, and the potential to participate in new DEXs developed by Changpeng Zhao in the future.

Although Wynn denies being paid by Binance, he seems to support CZ's vision:

"CZ has the money, network, and team to build something unparalleled... I hope this will push Hyperliquid to improve," Wynn shared in a post.

However, critics of Wynn are not letting it go. Analyst DUO Nine raised questions about whether Wynn's past activities could be related to a money laundering scheme.

Specifically, you may have deliberately left positions to be liquidated on Hyperliquid while opening hedging positions on other exchanges.

Currently, there is no verified evidence for these allegations, but they reflect the mystery surrounding Wynn's massive positions and their potential impact.

Despite the chaos around him, Wynn asserts that he feels at peace. In a recent post, he even hinted that he might return.

Although currently withdrawing from the game temporarily, this trader may make a comeback, but not necessarily on Hyperliquid.

Minh Anh