Key dealers
- A cryptoval was identified as a cyber prime with stolen funds for high-class bitcoin trading.
- The elections secured a profit of $ 9 million despite a coordinated effort to liquidate their short position.
A cryptoval that recently placed a massive short position on Bitcoin has been identified as a cyber criminal with stolen means for trading in high rash, according to the investigator at the ZachxBT chain.
It is fun to see CT speculate on the “hyperliquid election” when it is in reality just a cyber criminal game with stolen means.
– zachxbt (@zachxbt) March 18, 2025
ZachxBT’s comment follows a failed attempt from a group of traders, led by pseudonym CBB, to chase the elections.
According to data Tracked by Lookonchain opened the elections a 40x utilized short position of $ 3,940 to $ 84,040 on March 15, worth over $ 332 million, with a liquidation point of $ 85,300. The position would face liquidation if Bitcoin’s price exceeded this threshold.
The action was quickly on everyone’s radar. Just 24 hours later, Pseudonyma trader CBB issued a public call to crypto dealers to coordinate a brief pressure and focused on the valence liquidation award.
The group managed to run Bitcoin over $ 84,690 and almost reached the liquidation threshold.
Prior to the threat, the $ 5 million elections dedicated to the USDC to increase the margin and avoid liquidation. Despite the nutritional efforts, the choices continued to expand the short position. Their hunt was ultimately fruitless.
Crypto Whale closed all positions on Tuesday and realized a profit exceeding $ 9 million.
While ZachxBT identified the elections as a cyber criminal, he did not reveal their identity.
The investigator confirmed that the individual is not affiliated with the notorious Lazarus group, known for orchestrating large-scale cyber attacks, including the latest Crypto Exchange Bybit.
