WuBlockchain
A wallet suspected of belonging to the hacker behind last year's roughly $40 million UXLINK theft holds a 30,282 ETH long on Hyperliquid. The position has an average entry price of $2,134.45, is worth approximately $71.17 million, and carries $6.54 million in unrealized gains.
Why it matters
The suspected link comes from on-chain activity rather than a confirmed identity. A funding address associated with the position and a known UXLINK hacker address both transferred ETH reserved for gas fees to the same wallet on the same day.
The trader began trading ETH on Hyperliquid in early August after consolidating roughly 11.55 million USDC from multiple sources. Five of six trades were profitable, adding to the wallet's significance for on-chain investigators.
Market impact
The 30,282 ETH position makes the wallet a sizable participant in Hyperliquid's ETH market. Its unrealized gain and the suspected connection to the UXLINK theft make future transfers, position changes, and funding flows important signals to monitor.
Frequently asked questions
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How large is the suspected UXLINK hacker-linked ETH position?
The wallet holds a 30,282 ETH long on Hyperliquid. The position is worth approximately $71.17 million.
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What is the unrealized gain on the Hyperliquid position?
The position carries about $6.54 million in unrealized gains, based on an average entry price of $2,134.45.
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What links the wallet to the UXLINK theft?
A funding address associated with the position and a known UXLINK hacker address both transferred ETH held for gas fees to the same wallet on the same day.
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How did the trader fund its ETH activity?
The trader consolidated roughly 11.55 million USDC from multiple sources before beginning ETH trading on Hyperliquid in early August.
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How has the trader performed on Hyperliquid?
Five of the trader's six ETH trades were profitable. The wallet's future transfers and position changes remain key on-chain signals to monitor.
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