Huang Licheng rejected as fake news a report from Taiwan media that his investment portfolio had gained 84-fold. The earlier account said he used about $150,000 to roll into long positions during last week’s one-way crypto market rise, reaching about $11.15 million and recovering roughly $11 million. It also said he had accumulated about $35 million in losses from long positions in ETH over the previous 10 months, with the latest profits narrowing his historical losses to about $24 million. Earlier on-chain data, meaning information recorded directly on a blockchain, likewise showed cumulative historical losses still in the tens of millions of dollars.