Drift Protocol attacker transfers $6.92M USDC to Hyperliquid, opens BTC long and ETH short positions

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The Drift Protocol attacker transferred $6.92M in USDC to Hyperliquid after swapping ETH from Tornado Cash via CoWSwap. The attacker opened a $13M BTC long and a $13M ETH short, using 20x leverage. The positions align with key market support and resistance levels. Traders are monitoring whether this reflects short-term speculation or a shift toward long-term investment strategies.

Odaily Planet Daily reports, according to Onchain Lens monitoring, the Drift Protocol attacker recently withdrew ETH from Tornado Cash, exchanged it for $6.92 million USDC via CoWSwap, and then transferred the funds cross-chain to Hyperliquid, where they established approximately $13 million long positions in BTC and approximately $13 million short positions in ETH, both at 20x leverage, with a combined notional value of about $26 million.

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