Hackers Open $12.8M BTC and ETH Positions Using 20x Leverage

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On November 8 (UTC+8), a wallet created by a hacker (0x45d...00ca) received 3,100 ETH via Tornado Cash, sold it for 6.92 million USDC, and deposited the funds into Hyperliquid. The wallet then opened a 20x leveraged long position of 169.47 BTC, valued at $12.84 million, and a 20x leveraged short position of 5,740 ETH, valued at $12.83 million. This move underscores how leverage trading can amplify gains or losses, particularly near key support and resistance levels.

ME News reports that on November 8 (UTC+8), according to Lookonchain, the hacker created a new wallet (0x45d...00ca) that received 3,100 ETH from Tornado Cash, sold them for $6.92 million in USDC, and deposited the funds into Hyperliquid. The wallet then took a 20x leveraged long position of 169.47 BTC, worth $12.84 million, and a 20x leveraged short position of 5,740 ETH, worth $12.83 million. (Source: ODAILY)

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