#ETH $ETH 【The UXLINK hacker who stole about $40 million went long 30,000 ETH on Hyperliquid, with $5.62 million in unrealized profit】
Stolen funds used to open leveraged positions—and the profits just keep growing? 😶
On-chain analyst Ember spotted an account with funds linked to an address involved in the UXLINK theft. The account opened a long position of about 30,300 ETH on Hyperliquid:
🔹 Average entry price: $2,134
🔹 Position value: about $70.25 million
🔹 Unrealized profit: about $5.62 million
This account has a track record on Hyperliquid. In early August, it consolidated 11.54 million USDC from multiple sources, then traded ETH back and forth. It made money on 5 of 6 trades, with $5.71 million in realized profit.
Do the math: $11.54 million in starting capital, $5.71 million banked, plus $5.62 million on this open position—that’s about $11.33 million in total, nearly doubling the money.
How did they identify it as the same person? About a month ago, this funding address and the UXLINK hacker’s address swept their remaining ETH gas funds into the same wallet on the same day.
Three caveats:
1️⃣ On-chain fund links ≠ confirmed identity. This is currently an analyst’s inference, and it’s unclear whether the platform will take action.
2️⃣ Public positions ≠ something you can blindly copy. You can see the 5 profitable trades, but not the logic behind holding positions or setting stop-losses.
3️⃣ Today, another user reportedly lost $1.58 million on Ethereum and Base, possibly due to a leaked private key. A hacker’s capital ultimately comes from someone’s wallet.
My own rule: I don’t copy trades from any address, and I keep my seed phrase offline only.
Have you ever copied an on-chain whale’s trades? How did it go?
For informational purposes only; not investment advice. DYOR
#Hyperliquid #加密安全 #uxlink