{"id":49315,"date":"2025-03-18T12:02:29","date_gmt":"2025-03-18T12:02:29","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/hyperliquid-50x-leverage-whale-is-cybercriminal-gambling-stolen-funds-zachxbt\/"},"modified":"2025-03-18T12:02:29","modified_gmt":"2025-03-18T12:02:29","slug":"hyperliquid-50x-leverage-whale-is-cybercriminal-gambling-stolen-funds-zachxbt","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/hyperliquid-50x-leverage-whale-is-cybercriminal-gambling-stolen-funds-zachxbt\/","title":{"rendered":"Hyperliquid 50x leverage whale is cybercriminal gambling stolen funds: ZachXBT"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/07\/whale-feeding-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/07\/whale-feeding-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/07\/whale-feeding-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/07\/whale-feeding-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>ZachXBT has blasted the \u201cHyperliquid 50x leverage whale\u201d as \u201ca cybercriminal gambling with stolen funds.\u201d<\/li>\n<li>The whale netted a $9 million profit despite efforts by crypto traders to liquidate the position.<\/li>\n<li>ZachXBT has previously unmasked bad actors and identified hackers, including those behind the Bybit hack in February 2025<\/li>\n<\/ul>\n<p>On-chain investigator ZachXBT says the \u201cHyperliquid 50x leverage whale\u201d that has attracted massive attention across X is \u201cjust a cybercriminal gambling with stolen funds.\u201d<\/p>\n<p>The on-chain sleuth\u2019s comment came as the whale closed their high-leverage trading position, 50x, with a notable $9 million profit.<\/p>\n<p>Despite efforts by crypto Twitter to marshal a liquidation for the Hyperliquid whale, the trader emerged unscathed \u2013 yet again.<\/p>\n<h2>Hyperliquid 50x whale a criminal \u2013 ZachXBT says<\/h2>\n<p>ZachXBT commented on this, revealing who the whale is and is not. He <a href=\"https:\/\/x.com\/zachxbt\/status\/1901904031351509266\" target=\"_blank\" rel=\"noopener\">shared<\/a> the investigative view via X:<\/p>\n<blockquote>\n<p>\u201cIt\u2019s funny watching CT speculate on the \u201cHyperliquid whale\u201d when in reality it\u2019s just a cybercriminal gambling with stolen funds.\u201d<\/p>\n<\/blockquote>\n<p>Replying to a user comment, ZachXBT noted that the criminal whale has no links to the North Korea-backed Lazarus Group. In February this year, the blockchain sleuth linked the <a href=\"https:\/\/coinjournal.net\/news\/bybit-suffers-1-4-billion-hack-eth-drained-from-exchange-wallet\/\">$1.5 billion Bybit hack<\/a> to the hacker group.<\/p>\n<p>Some X users asked that ZachXBT names and shames the Hyperliquid whale. However, his response was:<\/p>\n<blockquote>\n<p>\u201cWe\u2019ll see, it\u2019s just not enjoyable posting investigations on X\/Twitter anymore.\u201d<\/p>\n<\/blockquote>\n<h2>Crypto \u2018hunted\u2019 for the mysterious whale<\/h2>\n<p>For weeks, the crypto market has speculated on who the mysterious Hyperliquid whale may be. A hunt for their identity and efforts to drag them down surfaced.<\/p>\n<p>This hunt for the trader who opened a short position worth about $450 million on Bitcoin (BTC) intensified on Tuesday.<\/p>\n<p>Amid the rush to liquidate him, analysts pointed to the whale\u2019s 40x and 50x shorting of BTC and ETH as massive. The reaction had most traders looking to wreck the whale\u2019s position with a flurry of buying deals. In fact, according to Lookonchain, the whale had to deposit $5 million USDC \u201cto increase margin and avoid liquidation.\u201d<\/p>\n<p>But the effort to wreck the whale ultimately failed.<\/p>\n<p>https:\/\/twitter.com\/lookonchain\/status\/1901897383358992704<\/p>\n<p>As well as th 50x short leveraged position on Ethereum (ETH), this whale also shorted Chainlink (LINK), opening a huge $31 million position with 10x leverage. The whale has also placed short bids on GMX.<\/p>\n<p>While ZachXBT clarified this whale isn\u2019t tied to North Korea, the incident highlights the challenge the crypto community faces amid bad actor incidents.<\/p>\n<p>The issue of stolen funds making it back into circulation via decentralized finance protocols remains. It also points to the overall impact of massive leverage on the market, particularly when criminals tap into high-leverage trades to gamble stolen funds.<\/p>\n<p>Although this particular whale\u2019s identity may interest the broader ecosystem, the big question going forward is how does crypto reign in this potentially impactful scenario.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/hyperliquid-50x-leverage-whale-is-cybercriminal-gambling-stolen-funds-zachxbt\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) ZachXBT has blasted the \u201cHyperliquid 50x leverage whale\u201d as \u201ca cybercriminal gambling with stolen funds.\u201d The whale netted a $9 million profit despite efforts by crypto traders to liquidate the position. ZachXBT has previously unmasked bad actors and identified hackers, including [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":49316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/49315"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=49315"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/49315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/49316"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=49315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=49315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=49315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}