Wallet Potentially Linked to $40 Million UXLINK Hack Shows…
By Karthik Subramanian
AI summary of the source article
A wallet potentially connected to the $40 million UXLINK hack has accumulated roughly $6.54 million in unrealized profits on Hyperliquid. The leveraged Ethereum position holds a notional value of approximately $71.17 million.
Why it matters
The activity "illustrates the difficulties investigators face when tracking assets through multiple addresses, trading platforms and derivatives positions."
Key facts
- An account on Hyperliquid holds a leveraged 30,282 ETH position with about $6.54 million in unrealized gains.
- The wallet previously generated approximately $5.71 million in cumulative realized profits across five completed Ethereum trades.
- Investigators have not conclusively proven common ownership between the trading account and the September 2025 UXLINK attacker.
Source excerpt · FinanceFeeds
A cryptocurrency wallet potentially connected to the $40 million UXLINK exploit has accumulated approximately $6.54 million in unrealized profits from a leveraged Ethereum position on decentralized perpetual futures exchange Hyperliquid. The position, identified by on-chain analyst Yu Jin, also known as Ember, involved approximately 30,282 ETH with an average entry price of $2,134.45. According to…