# Loss Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Loss", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Veterans of the 'Little Smart' Era Return, This Time Leading a Robot Company in a Sprint to an IPO

UTStarcom Veteran Returns: Robot Maker Rushes for IPO On August 24, UDI Robot passed the listing hearing for the Hong Kong Stock Exchange main board. Known for its delivery robots in hotels and KTVs, the company was founded in 2013 by Lu Ying, former CEO of the once-dominant "PHS" phone maker UTStarcom, and other ex-colleagues. UDI has five main product series, including indoor delivery, outdoor delivery, and cleaning robots. Significantly, its business model is shifting from hardware sales to recurring service revenue. In 2025, AI vision model solutions contributed 37.5% of its total revenue of ~318 million RMB, while robot product sales accounted for 42.5%. However, its overall business remains unprofitable, with a cumulative net loss of 5.44 billion RMB from 2023 to Q1 2026. A key challenge is low hardware毛利率 (gross margin for robot products was 8.3% in 2025). Despite losses common in the robotics sector, UDI's deficit is narrowing. It has raised ~989 million RMB over 13 pre-IPO rounds from investors including Alibaba (Ele.me, Yunfeng Capital), Legend Capital, SenseTime, and hotel chains like Huazhu. The founding team, largely from UTStarcom, collectively controls 33.40% of the company. UDI ranks as China's third-largest commercial service robotics company with an 8.9% market share in 2025. Its IPO, sought via Hong Kong's special tech chapter 18C, aims to fund R&D, expansion, and working capital, marking a comeback attempt for the "PHS" veterans in a new technological era.

marsbit39m ago

Veterans of the 'Little Smart' Era Return, This Time Leading a Robot Company in a Sprint to an IPO

marsbit39m ago

Monkey-Selling Lifeline Finally Turns Fortunes: Machi Big Brother Turns $150k Into $12.72 Million In Three Days

Machi Big Brother, a prominent crypto whale, has staged a dramatic comeback. After ten months of significant losses, he turned a $150,000 capital into $12.72 million in just three days during last week's market rally. This 84x gain was achieved through aggressive "rolling" strategies on the Hyperliquid platform, where unrealized profits are continuously used as collateral to increase leveraged long positions. His current portfolio holds $100.7 million in assets backing $123.72 million in open long positions, primarily in ETH, with an overall leverage of approximately 13.1x. However, this massive position is highly precarious; a roughly 10% drop in ETH's price to $2,229 would trigger automatic liquidation, wiping out his recent profits. His trading history is marked by high leverage, frequent liquidations, and poor risk management, having been liquidated 71 times in a single month in 2025. To fund these risky trades and meet margin calls in recent months, he has been selling his NFT holdings, including Bored Ape Yacht Club (BAYC) assets, at substantial losses—a move the community dubbed "selling monkeys to stay alive." Despite the recent windfall, his cumulative losses remain high, and his high-risk strategy leaves him vulnerable to sudden market reversals.

marsbitYesterday 05:00

Monkey-Selling Lifeline Finally Turns Fortunes: Machi Big Brother Turns $150k Into $12.72 Million In Three Days

marsbitYesterday 05:00

"Bitcoin Trader", After Incurring a Loss of $4.56 Million, Opens a New Short Position of 300 BTC Worth $23 Million

On August 24, a wallet identified as 'bowen1476' opened its 15th Bitcoin short position in five days, this time for 300 BTC (worth ~$23.13M) with 40x leverage. This move follows 14 consecutive losing shorts over the same period, resulting in total losses of $4.56 million. The new position was opened around $77,500, betting against a significant BTC rally partly fueled by the U.S. Treasury doubling its long-term bond buyback operations and former President Trump's call for clearer crypto regulations. This trader has a history of high-leverage, high-volume shorts; a single 700 BTC short in May wiped out $1.71M in profits. The recent market surge liquidated over 172,000 short positions in 24 hours, causing ~$3B in bearish losses. The success of this 15th attempt hinges on whether Bitcoin's upward momentum continues.

cryptonews.ru2 days ago 20:35

"Bitcoin Trader", After Incurring a Loss of $4.56 Million, Opens a New Short Position of 300 BTC Worth $23 Million

cryptonews.ru2 days ago 20:35

Investment Company Lost $2 Million in Address Poisoning Attack

An investment firm, Bofur Capital, lost $2 million in a crypto dusting (address poisoning) attack. The scammers first sent a minuscule 0.0002 USDC transaction to the firm's Ethereum wallet. The recipient address had nearly identical starting and ending characters to a legitimate counterparty the firm regularly transacted with. It is believed a wallet operator later copied the wrong address from the transaction history, inadvertently sending 2 million USDC to the fraudulent wallet, which promptly converted the funds to DAI. Analysts noted the trap was set 20 hours before the large transfer, suggesting hackers monitored the target wallet for a major withdrawal. Following the Ethereum Fusaka upgrade, such address poisoning attacks have surged dramatically. Data shows a 612% increase in USDT dusting transactions over three months, with one investor losing over 500,000 USDT. An earlier Etherscan study (covering July 2022-June 2024) identified roughly 17 million poisoning attempts, affecting at least 1.3 million users and causing over $79.3 million in losses. These attacks are even more frequent on chains with lower fees, like BSC.

cryptonews.ru2 days ago 08:38

Investment Company Lost $2 Million in Address Poisoning Attack

cryptonews.ru2 days ago 08:38

Term Finance loses estimated $8.5M in vault governance exploit

Decentralized lending protocol Term Finance suffered an estimated $8.5 million loss due to a governance exploit targeting its strategy vaults. The attacker reportedly drained around 2,843 ETH and 1.68 million USDC by cheaply acquiring a majority of a sparsely held governance token and passing proposals to seize control. This represented approximately 68% of the vault's pre-attack holdings. Term Labs has irreversibly shut down all affected Meta Vaults, preventing further deposits while allowing withdrawals, and stated the core lending protocol remains unaffected. The company is coordinating with security teams on recovery efforts. This incident follows a previous oracle error in April 2025 that caused unintended liquidations.

cointelegraph2 days ago 04:11

Term Finance loses estimated $8.5M in vault governance exploit

cointelegraph2 days ago 04:11

BounceBit Blockchain Ceases Operations After $3 Million Exploit

The BounceBit team announced that an attack occurred between August 19th and 20th, resulting in the theft of 286 million BB tokens worth $3.1 million from nine BounceBit Chain addresses. The exploit was due to an authorization flaw in the vesting and account locking module of the Evmos stack, on which BounceBit Chain was built. Part of the stolen tokens were sent to cryptocurrency exchanges, while 18.5 million BB remain on a single address. The team has contacted exchanges to request freezing specific addresses. Developers have decided to permanently shut down BounceBit Chain instead of restoring it, as it was built on the now non-functional Evmos infrastructure. BB tokens will be reissued as BEP-20 tokens on the BNB Chain. The distribution will use a snapshot from before the attack, and users do not need to take any action to receive the new tokens. The stolen 286.5 million BB will not be included in the new issuance. This incident follows other recent hacks, including a $1.7 million attack on Maya Protocol last week.

cryptonews.ru08/23 18:28

BounceBit Blockchain Ceases Operations After $3 Million Exploit

cryptonews.ru08/23 18:28

The Danger of Old Bookmarks: How an Expired Tornado Cash Domain Cost a User 1,000 ETH

A user lost over 1,010 ETH (worth millions) due to a phishing attack via an expired official domain of the Tornado Cash protocol. As reported on August 20, 2026, the domain `tornado.cash` was not renewed by the original developers amid U.S. OFAC sanctions and was subsequently registered by malicious actors. They deployed a fake frontend mimicking the legitimate Tornado Cash interface. Through this site, the attackers gained access to the user's deposit notes—the data required to withdraw funds from the protocol's pools—and drained the ETH within 12 hours. On-chain data shows the stolen funds (e.g., wallet 0xd8B356...) were withdrawn from Tornado Cash pools. However, on-chain analyst Specter cast doubt on the victim's story. He suggested the individual might be involved in illicit activity, noting that a large sum of BTC was received from a coin-mixing service (Whirlpool) and converted to ETH before being sent to the fake Tornado Cash site. The victim's explanation of urgently moving funds due to a compromised hardware wallet was questioned, as the fund trail indicated deliberate obfuscation. Specter speculated this might be a conflict between malicious actors rather than a simple phishing case. The incident highlights the danger of expired domains for major protocols, where old bookmarks can lead to compromised sites. WHOIS records show the domain was registered in March 2025. Broader analysis notes that in 2025, over $1.8 billion was lost to scams and exploits, largely through social engineering like phishing via familiar but hijacked links. This case underscores the persistent risk when a domain's legal status changes but user trust and search engine reputation remain.

cryptonews.ru08/23 17:40

The Danger of Old Bookmarks: How an Expired Tornado Cash Domain Cost a User 1,000 ETH

cryptonews.ru08/23 17:40

Trader Made $49 Million Profit and Lost $24 Million in 12 Seconds Shorting ETH

A crypto trader known as "pension‐usdt.eth" had their large Ethereum short position forcibly liquidated in just 12 seconds, resulting in a loss of nearly $24 million. Prior to this, the wallet, using the display name "Pension Fund," had been one of the year's most successful short sellers, accruing an estimated $49 million in total profit from bets against cryptocurrencies, including profitable shorts on 60,000 ETH and 1,400 BTC in June. The liquidation on the Hyperliquid platform was triggered by a sharp price surge in major tokens. Five forced-sell orders for a total of 50,000 ETH were executed from 04:51:03 to 04:51:15, accelerating the price increase. Four batches of ETH were sold at prices ranging from $2,193 to $2,236. The remaining 1,417 ETH were absorbed by Hyperliquid's special fund as no buyers were found. During the 12-second event, Ether's price jumped by $43. The short position had been held for roughly two months (1,445 hours) during a period of lower Bitcoin prices. The market reversed following a U.S. Treasury bond buyback announcement, with Ether gaining $18 in 24 hours. The trader's wallet is now essentially empty, showing a 100% loss against a trading volume of $111.76 million. This event was part of a broader market liquidation of $2.74 billion in short positions in 24 hours, the largest such wave since 2021.

cryptonews.ru08/20 20:31

Trader Made $49 Million Profit and Lost $24 Million in 12 Seconds Shorting ETH

cryptonews.ru08/20 20:31

Crypto Investor Loses 1,010 ETH on Obsolete Tornado Cash Website

A cryptocurrency investor lost 1010 ETH after using an outdated browser bookmark to access the Tornado Cash mixer website. According to security analysts from Wu Blockchain, the domain had been seized by malicious actors who deployed a fake interface mimicking the original service. The victim, believing they were interacting with genuine Tornado Cash smart contracts, inadvertently granted the scammers access to their wallet. The funds were drained within 12 hours, transferred out in small batches of primarily 100 and 10 ETH. The team behind Tornado Cash lost control of the old domain after being unable to renew it following sanctions imposed by the US Office of Foreign Assets Control (OFAC) in 2022. Criminals subsequently registered the domain and set up the phishing copy. The mixer now operates via decentralized channels like IPFS and ENS. Wu Blockchain estimates the fake site's operators have stolen a total of roughly 4000 ETH from various users over the past year. Separately, blockchain security firm Bitdefender reported that scammers are distributing the Lumma Stealer malware disguised as pirated copies of Christopher Nolan's recent film "Oppenheimer."

cryptonews.ru08/20 15:42

Crypto Investor Loses 1,010 ETH on Obsolete Tornado Cash Website

cryptonews.ru08/20 15:42

Tokenization Scale Soars to $4.3 Billion, But Why Did Securitize Incur a $5.5 Million Loss?

Securitize's first quarterly report post-IPO reveals a paradox: while its tokenized assets under management hit a record $4.3 billion (up 16% YoY) and platform trading volume surged 147% to $5.3 billion, total revenue fell 5% to $14.4 million. Tokenization revenue specifically dropped ~12% to $7.8 million, leading to an adjusted EBITDA loss of $5.5 million. CFO Francisco Flores explained that most trading volume is not yet monetized, with the majority of tokenization revenue still coming from one-time projects like new protocol integrations. In contrast, asset servicing revenue, a more recurring stream, grew slightly to $6.6 million. The company has lowered its full-year revenue guidance to $70-$80 million from an initial projection of $110 million. Industry experts note this highlights a structural challenge for the tokenization sector. Scaling assets on-chain doesn't automatically scale a profitable business model. Current implementations often rely on costly, customized projects for each new asset or jurisdiction. The future, they argue, lies in building standardized infrastructure that generates recurring "infrastructure revenue" from post-issuance activities like compliance, distributions, and secondary trading—similar to enterprise software. Analysts caution against misinterpreting high trading volumes as indicative of a mature fee-based model, as Securitize's broad volume metric includes many non-monetized actions. The key test for the industry is whether adding billions in new assets can generate sustainable revenue without constant new custom projects.

marsbit08/20 10:06

Tokenization Scale Soars to $4.3 Billion, But Why Did Securitize Incur a $5.5 Million Loss?