The Hyperliquid 50x Leverage Whale: A Cybercriminal Exposed
Recently, ZachXBT, an on-chain investigator, shed light on the activities of the “Hyperliquid 50x leverage whale,” labeling them as a cybercriminal engaging in risky behavior with stolen funds. Despite attempts by the crypto community to liquidate the whale’s position, they managed to walk away with a staggering $9 million in profit.
Unmasking Bad Actors
- ZachXBT has a history of uncovering fraudulent activities within the crypto space.
- Previously identified hackers involved in the Bybit hack of February 2025.
Criminal Activities Unveiled
According to ZachXBT, the Hyperliquid whale’s actions have been deemed criminal, with the investigator pointing out their reckless behavior with ill-gotten gains. The whale’s closure of a high-leverage trading position at 50x resulted in significant financial gain, despite community efforts to intervene.
ZachXBT’s Revelation
ZachXBT took to X to share his investigative findings, highlighting the true nature of the Hyperliquid whale’s activities:
“It’s funny watching CT speculate on the “Hyperliquid whale” when in reality it’s just a cybercriminal gambling with stolen funds.”
While some individuals urged ZachXBT to expose the whale’s identity, the investigator expressed reluctance in publicly naming and shaming the individual.
The Hunt for the Whale
The crypto community has been abuzz with speculation surrounding the identity of the elusive Hyperliquid whale. Efforts to uncover the trader behind the massive short position on Bitcoin and Ethereum have intensified, with analysts closely monitoring the whale’s movements.
Despite attempts to disrupt the whale’s leveraged positions, including a $31 million short on Chainlink, the community’s efforts proved futile. This incident serves as a stark reminder of the challenges posed by bad actors in the crypto space and the risks associated with high-leverage trading.
Addressing the Issue
While the identity of the Hyperliquid whale may pique curiosity, the focus now shifts to how the crypto community can mitigate the impact of such incidents in the future. Preventing stolen funds from re-entering circulation and safeguarding against fraudulent activities remain key priorities for the industry.
