So typical - you see this all the time. Moving up too soon thinking they are the best in the world, only to lose it all.

(For non players, this means that you are a winner at lower stakes, say $5/10 - but a common trait is that you become bored with that level because the most you can win each day is ~$1000-3000. As you move up levels the play is a lot harder (exponentially so). Players like this guy crush the small levels and think they are good enough for the higher levels, and just end up losing it all - often blaming their luck in the process. If you look at his chart, you will see that he won it all playing medium stakes, and lost it all (in a lot shorter time) playing high stakes).

His PTR pages clearly show most of his hands at 5k/10k/20k NL. That's not medium stakes.

I'd guess his losses at 40k/60k/100k NL /are/ due to luck; doubt he's a -20BB/100 loser at those games.

He also could have been staked for the high stakes and so didn't necessarily lose his own money. From what I hear this is not uncommon for winning players taking a shot at the higher stakes or even a high stakes regular who found what he feels is a good but risky spot.

Actually the article headline seems inconsistent with the text, which suggests he decided to quit to pursue other things and is not in fact "busto" as rumored.

Not saying you're wrong but it's another possibility.