Funds suspected to belong to hackers were transferred to Hyperliquid, with a 40 x-leverage short position BTC
BIBIBI
AT A GLANCE
A wallet suspected of being linked to hacker funds opened a short position on Hyperliquid with 40 x leverage for 305.5 tokens BTC。
Article
Hackers are suspected of Tornado Cash transferring money-laundering funds to Hyperliquid and 40 shorting with leverage BTC
PANews October 10 According to information disclosed by the on-chain analyst Ember (@EmberCN), a wallet received yesterday from Tornado Cash(Tornado Cash)263 tokens of ETH, then sold them for 643000 USDC and deposited it into Hyperliquid. The address used 40 x maximum leverage in cross-margin mode to open a short position at the 83,068 USD price for 305.5 tokens of BTC, with a position size of approximately 25380000 USD, a liquidation price of 84,088 USD, and current unrealized profits of approximately 160000 USD。
According to a disclosure by the on-chain analyst Ember, a wallet yesterday Tornado Cash received 263 tokens of ETH。
02
The wallet subsequently sold ETH, exchanged them for 643000 USDC and deposited them into Hyperliquid.
03
The address used the maximum 40 x leverage in cross-margin mode to open a short position at 83,068 USD for 305.5 tokens BTC。
04
The position size is approximately 25380000 USD, with a liquidation price of 84,088 USD, and current unrealized profits of approximately 160000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The report describes a transaction that has not been independently verified: a wallet received ETH and exchanged them for USDC, then established a high-leverage BTC short position on Hyperliquid. A short position may profit when the BTC price falls, but if the price rises to near the liquidation price, the position may be forcibly closed.
Why it matters to readers
This transaction involves suspected hacker funds, high leverage, and a relatively large BTC short position, warranting attention to the source of funds, position changes, and potential liquidation.
Leverage magnifies gains and losses; “shorting” means betting that the price will fall, while the “liquidation price” is the price at which a position may be forcibly closed.
Risks and unknowns
It has not been independently verified that the wallet belongs to hackers.
It has not been independently verified that these funds are in fact proceeds of money laundering.
The information comes from PANews' account of content disclosed by the on-chain analyst Ember.
The report does not state whether the position was subsequently closed, additional margin was added, or the position was liquidated.
Related Developments
Loading event timeline…
Related concepts
Tornado Cash
This term is not in the glossary yet. Browse related concepts in the glossary.
