ZachXBT Identifies Hyperliquid 50x Leverage Whale as Cybercriminal Using Stolen Funds for High-Risk Trading

On March 18, 2025, on-chain investigator ZachXBT reported that the so-called 'Hyperliquid 50x leverage whale' is not a legitimate trader but a cybercriminal utilizing stolen funds for high-risk trading.
ZachXBT emphasized that there is no connection between this address and North Korean cyber activities, countering previous speculation. The findings have drawn attention within the cryptocurrency community, as the whale's activities involve substantial leverage, raising concerns about the implications for market integrity.
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