ChainCatcher report, according to The Defiant, security firm PeckShield identified a Hyperliquid account holding a long position in ETH that may be linked to the UXLINK Web3 social protocol theft via an intermediary wallet. Subsequent dashboard snapshots show the position amounted to approximately 20,919 ETH, valued at around $44 million, with an unrealized loss of approximately $652,000, an average entry price of $2,134.45, using 15x full-collateral leverage, and an estimated liquidation price of $1,630.63. The report notes that the connection is based on an intermediary address transferring 11 million USDC to this trading account, and that this intermediary address previously interacted with an address flagged as belonging to the UXLINK attacker; however, this indirect link alone does not prove the trader controls the attacker’s wallet. Previously, related addresses began gradually closing long positions in ETH, SOL, and XRP, with the original total position value amounting to approximately $148 million.
Address Possibly Linked to UXLINK Hack Holds $44M ETH Long Position
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Summary
A Hyperliquid account potentially linked to the UXLINK hack holds a 20,919 ETH long position in spot trading, valued at approximately $44 million. The position uses 15x leverage, with an average entry price of $2,134.45 and a liquidation price of $1,630.63. The connection is traced to an 11 million USDC transfer from an intermediary address previously associated with the UXLINK attacker. Previously, related addresses began liquidating long positions in ETH, SOL, and XRP, with the initial total value nearing $148 million.
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