- Crypto investor and Mechanism Capital co-founder Andrew Kang faced substantial losses on August 18 due to the market crash.

- Kang took long #positions on BTC, ETH, and ARB.

- The use of #high leverage, up to 100x, led to the #liquidation of each of his #long positions.

- He experienced a total of 14 liquidations, ultimately incurring #losses of about $432,000 in just one day.