Jeff Huang, who is better known as Machi Big Brother in crypto circles bought a $25 million home in Los Angeles, says a report by Dirt. Huan, who recently filed a lawsuit against ZachXBT, the on-chain researcher who revealed that he is behind a string of crypto rug pulls, paid $25 million for the all-new mansion.
The estate, designed by Vantage Design Group occupies a 14,000 square feet ground and has 5 bedrooms and 8 bathrooms. The Bird Streets, Los Angeles 0.51 acre lot was sold by Hankey Capital.
Some of the failed crypto projects founded by the 50-year old Huang are C.R.E.A.M. Finance, Mithril, Formosa, Machi X and others.
A good deal
Huang may have made a good deal with his new purchase, which was recently priced at $30 million. In fact, the property came with an asking price of $34 million when it was listed for sale last May.
The Dirt story titled “Blockchain Whiz Rides Crypto Wave Into $25 Million LA Mansion” described the property,
“Bespoke finishes and sultry tones of beige and brown imbue the place with a warmth that belies its vast scale. Naturally, walls of glass abound, framing the dramatic views. The house was clearly designed for an owner who enjoys entertaining on a grand scale. High-end features include a state-of-the-art smart home system, an elevator, a steam room and separate dry sauna, a skylit foyer, an infinity pool, and custom walnut millwork throughout,” story said
Huang’s neighbors are other billionaires and millionaires such as the Winklevoss twins, Calvin Klein, Richard Saghian of Fashion Nova and billionaire Bernardino Arnault.