James Wynn's Confession: He acknowledges that he has lost control long ago, but he is torn between wanting to recoup the losses and fearing ridicule.

BlockBeats News, June 6th, James Wynn posted on social media, saying that he had just started participating in perpetual contract trading since March this year, and had never traded seriously before, at most just speculated on MEME coins. Within just one month, he leveraged $3 million to $1 billion, and then lost it all on HyperLiquid in a week. At that time, he was just fooling around, but on-chain data was public, and hundreds of thousands of people watched his account skyrocket and then crash, so he just let go. Later, things gradually got out of control. He realized that this was essentially gambling. He both wanted to recover his losses and was afraid of being ridiculed as "can't even hold onto 1 billion earned," so he dug himself deeper. The numbers flashing on the screen turned into a virtual game, and greed completely took over.