超流動性（HYPE）加密交易平台在顯微鏡下進行多個HOOG槓桿交易

加密交易平台超流動性（HYPE）在顯微鏡下。比特幣（BTC）和以太坊（ETH）的多個HOOG槓桿交易引起了人們的懷疑

Crypto trading platform Hyperliquid (Hype) is under the microscope as multiple high-leverage trades in Bitcoin (BTC) and Ethereum (ETH) have evoked suspicions of possible money laundering activities.

加密交易平台超流動性（HYPE）在顯微鏡下，因為比特幣（BTC）和以太坊（ETH）的多個高槓桿交易引起了人們對可能洗錢活動的懷疑。

Analysts have noticed a pattern of unusually large and frequent leveraged trades that have been performed with almost perfect timing, leading to questions about the origin of the funds and the identity of the traders.

分析師已經註意到了一種非常龐大且頻繁的槓桿交易模式，這些模式幾乎完美地進行了時機，從而質疑了資金的起源和交易者的身份。

Spotonchain marks high-stakes trades

Spotonchain標誌著高風險交易

Blockchain analysis platform Spotonchain reported a series of significant leveraged trades performed on the Hyperliquid platform. According to their analysis, a well-funded trader collected 5.22 million on the platform to open high-lung positions in BTC and ETH.

區塊鏈分析平台SpotonChain報告了在超流動平台上進行的一系列重要槓桿交易。根據他們的分析，一位資金充足的交易員在該平台上收集了522萬，以在BTC和ETH中開設高肺職位。

The trader placed an ETH Long position with 50x leverage, with an entry price of 1,884.4 and a liquidation point of 1,838.2. In addition, they opened a BTC long position with 20x lever, with an entry price of 82.003.9 and a liquidation price of 61.182.

交易者以50倍的槓桿率排名第ETH，入口價格為1,884.4，清算點為1,838.2。此外，他們以20倍桿開了一個BTC長位，入口價格為82.003.9，清算價格為61.182。

Spotonchain also revealed that this trader had a history of performing short-term leveraged trades with a 100% win rate. The trader achieved 2.2 million profit in just two days.

SpotonChain還透露，該交易員有100％的獲勝率進行短期槓桿交易的歷史。交易者在短短兩天內就獲得了220萬利潤。

“It is remarkable that in the past 2 days this Whale closed two fast ETH Long positions with a 100% WinRate, which yielded $ 2.2 million profit,” unveiled Spotonchain.

“值得注意的是，在過去的兩天中，這條鯨魚以100％的獲勝率關閉了兩個快速的ETH長位，獲得了220萬美元的利潤，” Spotonchain宣布。

The consistency of these trades has led to speculation that the activity is not random market speculation. Instead, it tends towards a refined money laundering operation or an insider trading scheme.

這些行業的一致性導致人們猜測這項活動不是隨機的市場猜測。取而代之的是，它傾向於進行精緻的洗錢業務或內部交易計劃。

Ab Kuai Dong, a cryptomarktalist, speculated that the funds in this Hyperliquid trades were used, possibly linked to North Korean hackers. The analyst noted that North Korean cyber criminals are known for testing high-frequency trading strategies on crypto platforms as part of money laundering operations.

加密標準主義者AB Kuai Dong推測，使用了這項超流動交易中的資金，可能與朝鮮黑客有關。分析師指出，作為洗錢業務的一部分，朝鮮網絡罪犯以在加密貨幣平台上測試高頻交易策略而聞名。

The analyst suggested that it could be an attempt to clean illegal funds obtained by hacking. This assumption is based on the anonymity and rapid execution of the hyperliquid trades.

分析師建議，可能是試圖清潔通過黑客獲得的非法資金。此假設基於超流動交易的匿名性和快速執行。

“I am very curious about these large anonymous orders from Hyperliquid. Combined with the earlier news about North Korean hackers who test Hyper Trading, it is possible that these large and frequent 50-fold openings are all gray market funds that money laundering?” stated the analyst.

“我對這些超級流動的這些大型匿名訂單感到非常好奇。再加上較早的有關測試超級交易的朝鮮黑客的消息，這些大型且頻繁的50倍開口可能都是洗錢的灰色市場資金嗎？”分析師說了。

Another analyst, known as AI on X, supported this theory by pointing out earlier research on hyperliquid trades. At the beginning of March, AI reported that three addresses had generated 2.53 million profit via GMX high-leverage trades.

另一位在X上被稱為AI的分析師通過指出了對超流動性交易的早期研究來支持該理論。 3月初，AI報告說，三個講話通過GMX高槓桿交易產生了253萬利潤。

Gambling or Insider Trading? Experts give their opinion

賭博還是內幕交易？專家發表意見

These addresses were linked to gambling platforms such as Roobet and Alpapo. They also had interaction with Changenow, an exchange that is popular with hackers. AI speculated that traders may not be insiders, but experience gamblers who may use stolen funds to perform risky trades.

這些地址與Roobet和Alpapo等賭博平台有關。他們還與ChangeNow進行了互動，ChangeNow的交流在黑客中很受歡迎。 AI推測交易者可能不是內部人士，而是體驗可能使用被盜資金進行風險交易的賭徒。

“Insider or ultimate gambler? It indeed looks more like the latter,” believed the analyst.

“內部人士還是終極賭徒？它的確看起來更像後者。”分析師認為。

Crypto analyst Adolyb, who quoted Coinbase’s Conor Grogan research, provided further proof of possible illegal activities.

引用Coinbase的Conor Grogan Research的加密分析師Adolyb提供了可能的非法活動證明。

“Coinbase people discovered that it is a phishing address with 4 layers of jumps + gambling players,” noticed Adolyb on X.

X上的Adolyb注意到：“ Coinbase的人們發現這是一個網絡釣魚地址，有4層跳躍 +賭博球員。”

According to Grogan, the crypto wallet responsible for some suspicious hyperliquid trades funds of phishing attacks. He described the account as a “Roobet Whale,” which suggests that the trader was often involved in high-stakes gambling on platforms that are historically associated with illegal money flows.

據格羅根（Grogan）稱，加密錢包負責一些可疑的超流動性交易，用於網絡釣魚攻擊的資金。他將該帳戶描述為“ Roobet鯨魚”，這表明該交易員經常參與與非法資金流有關的平台上的高風險賭博。

Grog noticed that this person had previously liquidated lung positions just for an important market event. According to the analyst, this indicates that their trades were not based on insider knowledge. Stolen funds are used for gambling instead.

格羅格（Grog）注意到，此人以前僅針對重要的市場事件清算了肺部位置。根據分析師的說法，這表明他們的交易不是基於內部知識。被盜資金用於賭博。

The reports have again aroused worries about the use of high-liver trading platforms for illegal financial activities. Although leverage traders enable to increase their positions, it also enables criminals to quickly move and hide large sums of money.

這些報告再次引起了人們對使用高肝交易平台進行非法財務活動的擔憂。儘管利用交易者可以提高自己的職位，但它也使罪犯能夠快速移動並隱藏大筆資金。

The anonymity offered by decentralized and offshore exchanges makes further attempts to follow and regulate such transactions. It is likely that regulators and blockchain-forensic companies will increase their control over similar activities. This in the midst of increasing evidence that the high-delivery trades of hyperliquid are linked to possible illegal sources.

分散和離岸交易所提供的匿名性進一步嘗試跟隨和規範此類交易。監管機構和區塊鏈法醫公司可能會增加對類似活動的控制。這是在越來越多的證據表明高流動性交付交易與可能的非法來源有關的。

BeInCrypto shows data that the course of hyperliquid’s token has fallen almost 8% since the session started on Wednesday. At the time of writing, hype was traded for 13.35.

Beincrypto顯示的數據表明，自周三開幕以來，超流動的代幣的過程已下跌了近8％。在撰寫本文時，炒作被交易13.35。