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Hyperliquid 50x leverage whale is cybercriminal gambling stolen funds: ZachXBT

  • The "Hyperliquid 50x leverage whale" is identified as a cybercriminal gambling with stolen funds.
  • The whale made a $9 million profit despite efforts to liquidate the position.
  • ZachXBT, an on-chain investigator, revealed the whale's activities and dismissed any links to the Lazarus Group.
  • The incident raises concerns about stolen funds circulating through decentralized finance protocols and the impact of high-leverage trades on the market.

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