ChainCatcher report: According to on-chain analyst Yujin, the UXLINK hacker (0xde8d...9524) has begun using a TWAP tool to close their long positions on Hyperliquid over a 16-hour period, involving 30,282 ETH, 550,000 SOL, and 35.03 million XRP, with a position value of approximately $148 million. The full liquidation is expected to complete around 6:00 AM tomorrow, with an estimated loss of $3.3 million.
UXLINK hacker begins liquidating $148 million long position, expected $3.3 million loss
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Summary
A UXLINK hacker (0xde8d...9524) has begun liquidating a $148 million long position on Hyperliquid using a TWAP tool. The position consists of 30,282 ETH, 550,000 SOL, and 35.03 million XRP. Full execution is expected by 6 a.m. tomorrow, with an estimated loss of $3.3 million. The position size appears optimized to minimize gradual market impact.
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