Crypto Trader Loses $2.33M on Gold, Silver Shorts

A crypto trader using the address “0xaCB” has incurred a $2.33 million loss after shorting gold and silver with leveraged positions. According to Onchain Lens monitoring, the trader opened a 4x leveraged short position in gold and a 3x leveraged short position in silver 10 days ago. The positions have since moved against the trader, resulting in significant financial losses.