The UXLINK hacker paid approximately $3.75 million in funding fees across these three Hyperliquid long positions. The three addresses flagged by Yujin as belonging to the UXLINK hacker established long positions in ETH, SOL, and XRP starting in August. Since opening, the cumulative funding fees paid amount to: ~$1.474 million for ETH, ~$1.208 million for XRP, and ~$1.069 million for SOL. The price movement, however, hasn’t been as devastating. As of 17:05 Beijing time, the combined unrealized P&L across the remaining positions is still positive—around $1.5 million, just 40% of the funding fees paid: SOL alone is up ~$2.64 million, while ETH and XRP combined are down ~$1.13 million. Starting at 13:36 today, he began unwinding his positions using TWAP over 16 hours. By 17:05, roughly 20% of each position had been closed—ETH holdings dropped from 30,282 to approximately 23,710. The full liquidation is expected to complete around 05:50 tomorrow morning. After holding these longs for three months, his biggest adversary wasn’t the market—it was the hourly funding fees.