news 
**Hyperliquid Whale Denies Cybercrime Claims, ZachXBT to Release Evidence**
A high-profile trader known as the “Hyperliquid whale” has vehemently denied allegations of using illicit funds for his massive short position on Bitcoin. The claims were made by blockchain detective ZachXBT, who vowed to release evidence supporting his accusations.
The controversy began after the Hyperliquid whale opened a staggering $445 million short position on Bitcoin using 40x leverage, sparking an attempted “short squeeze” from other traders. While many were impressed by the trader’s bold move, others were quick to raise eyebrows due to the sheer magnitude of the trade.
ZachXBT, known for his keen insight into crypto transactions and market manipulation, stepped in to shed light on the matter. According to ZachXBT, the Hyperliquid whale has been engaging in suspicious trading patterns linked to a wallet-draining malware attack in January 2025, which may have compromised thousands of users.
The analyst also hinted at potential money laundering activities involving shady exchanges and online casinos. The allegations sparked widespread debate within the crypto community, with many calling for transparency from both parties.
In response to ZachXBT’s claims, the Hyperliquid whale took to social media platform X to refute the accusations. “Baseless speculations,” he wrote, challenging ZachXBT to specify which stolen funds were in question. The trader also brought up his wallet having received thousands of transactions from various dubious sources.
ZachXBT has since announced that he will release detailed evidence supporting his claims by 1 PM UTC tomorrow. The analyst shared preliminary findings indicating that the Hyperliquid whale’s X account was recently acquired, raising further questions about the trader’s motives and potential connections to illicit activities.
As the drama unfolds, it remains unclear whether ZachXBT’s allegations can be substantiated or if the Hyperliquid whale will face consequences for his actions.
Source: https://cryptobriefing.com/hyperliquid-whale-defense-allegations/
