Hyperliquid 50x Leverage Whale Is a Cybercriminal Trading with Stolen Funds - TheDefiant
👀 On-chain researcher ZachXBT has revealed that the mysterious Hyperliquid 50x Leverage Whale is using stolen funds for high-risk trading.
Despite rumors of his ties to North Korean hackers, ZachXBT has denied this version, but confirmed that the trader is acting illegally.
⚡️ Using aggressive leverage, the whale makes large trades in BTC, ETH, and LINK, raising concerns in the crypto community.
❗️ Not only does his activity earn him millions, but it also affects market dynamics, creating risks for other traders.
The whale's big trades:
🟠March 16 — $2.5 million short BTC with 40x leverage
🟠March 3 — $81 million short ETH with 17.6x and 25x leverage
🟠March 14 — $31 million long LINK $12 million on spot
🕯 In just 8 days, the whale made $9.46 million in profit. His aggressive trades shook up the market, and Hyperliquid lost $4 million in one of the liquidations.
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Hyperliquid 50x Leverage Whale Is a Cybercriminal Trading with Stolen Funds - TheDefiant
👀 On-chain researcher ZachXBT has revealed that the mysterious Hyperliquid 50x Leverage Whale is using stolen funds for high-risk trading.
Despite rumors of his ties to North Korean hackers, ZachXBT has denied this version, but confirmed that the trader is acting illegally.
⚡️ Using aggressive leverage, the whale makes large trades in BTC, ETH, and LINK, raising concerns in the crypto community.
❗️ Not only does his activity earn him millions, but it also affects market dynamics, creating risks for other traders.
The whale's big trades:
🟠March 16 — $2.5 million short BTC with 40x leverage
🟠March 3 — $81 million short ETH with 17.6x and 25x leverage
🟠March 14 — $31 million long LINK $12 million on spot
🕯 In just 8 days, the whale made $9.46 million in profit. His aggressive trades shook up the market, and Hyperliquid lost $4 million in one of the liquidations.