The Zachxbt chain investigator, known to exhibit the Pirate link to the Lazare groupHas a shocking revelation on the “highly discussed 50x” hyperliquid lever whale “. According to him, this merchant does not only make risky trades, but is in fact a cybercriminated using stolen funds.
Who is the 50x hyperliquid whale?
The so-called “50x hyperliquid lever whale” has drew attention in recent weeks to make massive lever effects on platforms like hyperliquid and GMX. This merchant has placed high -risk bets on active assets like Bitcoin (BTC), Ethereum (ETH)and ChainLink (link), leading to speculation about their identity.
Some thought that the portfolio was linked to the North Korean pirate group Lazarus, but the Zachxbt chain investigator rejected these allegations. He clearly indicated that there was no link between the merchant and the Lazare group.
Instead, Zachxbt revealed that the person behind the wallet is actually a cybercriminated that uses stolen funds to make these high -risk trades. This suggests that bad actors not only steal cryptography, but also take advantage of leverages to multiply their illegal profits.
The Wild Bet of the hyperliquid whale
Meanwhile, these hyperliquid whales take up a high risk trade with a minimum of 25x to 50x lever position.
On March 16, the whale filed 2.5 million USDC in the hyperliquid, increasing a short BTC position holding 4,422.77 BTC at an entry price of $ 84,043 and a liquidation point of $ 85,596.
This attracted the attention of the CBB merchant, who called on others to push the liquidation whale. The plan almost worked while the Bitcoin price reached $ 84,583.84, dangerously getting closer to the wiping of the whale position.
Beyond Bitcoin, the whale has also made bets with high issues on Ethereum (ETH). On March 13, they opened a short circuit of $ 45.17 million using a lever effect of 17.6x and 18.06x, followed by another 25x ETH worth $ 35.86 million.
Then, on March 14, the merchant changed strategy, going long on a link with a position of $ 31 million to 10x lever, while accumulating $ 12 million in punctual connection.
The whale closes the positions with $ 9.46 million in profits
According to Lookonchain, a prominent blockchain Analytical platform La whale Now closed all the positions, obtaining a total profit of $ 9.46 million in just 8 days.
Although this merchant has won millions, whale actions also caused market instability. At one point, the merchant’s activities led to the loss of hyperliquidal liquidity pool losing $ 4 million during a massive liquidation event.
Meanwhile, the cryptographic community is now debating the action to be taken against such accounts. Should exchanges block them? Should the authorities intervene? These are critical questions that remain unanswered.
Never miss a beat in the world of cryptography!
Stay in advance with the news, expert analysis and real -time updates on the latest Bitcoin, Altcoins, DEFI, NFTS, etc. trends