超流动性50倍杠杆鲸不是一个精致的交易者，它是一场网络犯罪分子，有被盗的资金

链上的研究者Zachxbt透露，广泛讨论的“超流利50倍杠杆鲸”不是一个复杂的交易者。实际上，这是一个网络犯罪分子，鲁ck赌博，资金被盗。

On-chain investigator ZachXBT has revealed that the widely-discussed “Hyperliquid 50x leverage whale” is not a sophisticated trader but rather a cybercriminal recklessly gambling with stolen funds.

链链调查员Zachxbt透露，广泛讨论的“超流利性50倍杠杆鲸”不是一个精致的交易者，而是一个网络犯罪分子，鲁ck以被盗的资金赌博。

The revelation comes after weeks of traders speculating on the identity and motives of the whale who has been placing trades with up to 50x leverage on the Hyperliquid decentralized exchange.

在交易者猜测鲸鱼的身份和动机的数周之后，启示录出来，他们一直在超流利分散交易所进行交易，并将其放置在50倍的杠杆上。

Taking to X, formerly Twitter, ZachXBT put paid to rumors linking the address to North Korea’s Lazarus Group, which is linked to several large crypto thefts.

Zachxbt借助X，以前是Twitter，付出了与朝鲜Lazarus集团的地址联系起来的谣言，该地址与几个大型加密盗窃有关。

Instead, he said that the entity is simply a criminal misusing stolen assets in an attempt to generate massive returns through extreme leverage.

取而代之的是，他说，该实体只是滥用盗窃资产的刑事性，试图通过极端的杠杆产生巨额回报。

Stolen Funds Used For High-Leverage Trading

用于高杠杆交易的被盗资金

The Hyperliquid whale drew attention for its high-risk, high-reward trades, which led independent traders and analysts to scrutinize the legitimacy of the whale’s actions.

夸张的鲸鱼因其高风险，高回报的交易引起了人们的关注，这使独立交易者和分析师仔细检查了鲸鱼行动的合法性。

Further investigations traced the source of the whale’s funds to illicit activities, suggesting a pattern of laundering stolen assets through reckless speculative trading.

进一步的调查将鲸鱼资金的来源追溯到非法活动，这表明了通过鲁ck的投机交易来洗钱的模式。

Rather than executing calculated market plays, the individual appears to engage in high-stakes gambling, risking significant capital with extreme leverage. This has resulted in considerable volatility and has drawn the interest of traders eager to exploit the situation for profit.

该人似乎没有执行计算的市场戏剧，而是从事高风险赌博，冒着极端杠杆率的大量资本风险。这导致了相当大的波动性，并吸引了渴望利用这种情况获利的交易者的兴趣。

However, high-leverage trading carries immense risks, especially when fueled by stolen funds. Such activities can lead to significant market disruptions, mainly due to the potential for sudden liquidations to trigger ripple effects across exchanges.

但是，高杠杆交易带来了巨大的风险，尤其是在被盗资金的推动下。此类活动可能导致严重的市场中断，这主要是由于突然清算触发跨交易所涟漪效应的潜力。

No Connection To Lazarus Group

与拉撒路集团无关

Despite early speculation, ZachXBT’s findings confirm that the whale’s address has no ties to North Korea’s Lazarus Group.

尽管早期猜测，Zachxbt的发现证实，鲸鱼的地址与朝鲜的拉撒路集团没有联系。

The group, known for its sophisticated hacking operations, has been responsible for several cyberattacks and cryptocurrency heists in recent years.

该组织以其复杂的黑客作业而闻名，近年来一直负责几个网络攻击和加密货币抢劫案。

The group has frequently laundered funds through complex obfuscation techniques and DeFi platforms. However, the Hyperliquid whale’s trading behavior and financial patterns do not align with their usual methods.

该集团经常通过复杂的混淆技术和Fefi平台洗钱。但是，超流水的鲸鱼的交易行为和财务模式与他们通常的方法不符。

Lazarus Group is notorious for its highly coordinated hacking strategies. They often target centralized exchanges and large-scale DeFi protocols like the recent attack on Bybit.

Lazarus Group以其高度协调的黑客策略而臭名昭著。他们经常以集中式交流和大规模的规程为目标，例如最近对BYBIT的攻击。

Their tactics typically involve multi-stage laundering efforts to obfuscate the origins of stolen funds, making it difficult for investigators to track their movements.

他们的策略通常涉及多阶段的洗钱努力，以使被盗资金的起源混淆，这使调查人员很难跟踪他们的运动。

In contrast, the Hyperliquid whale has openly engaged in risky, visible trades that make their activities far less discreet.

相比之下，超流利的鲸鱼已经公开从事风险，可见的行业，使他们的活动少得多。

The stark difference has led experts to rule out any ties to the North Korean hacking syndicate. This shifts attention away from geopolitical concerns and toward the broader implications of stolen funds being used for high-risk trading.

鲜明的差异导致专家排除与朝鲜黑客集团的任何联系。这将注意力从地缘政治问题转移到了用于高危交易的被盗资金的更广泛含义。

The market remains on edge, with the next move potentially affecting the markets. The whale’s continued activity could lead to further volatility as independent traders attempt to counter its strategies.

市场仍然处于边缘状态，下一步行动可能会影响市场。随着独立交易者试图抵制其策略，鲸鱼的持续活动可能导致进一步的波动。

Some have even likened the situation to previous coordinated efforts where retail traders tried to push back against dominant market players.

有些人甚至将这种情况比喻为以前的协调努力，零售商交易员试图反对占主导地位的市场参与者。

With the Hyperliquid whale’s position now in the spotlight, investigators and market participants will be closely monitoring its future trades.

随着鲸鱼过度的鲸鱼的位置现在在聚光灯下的地位，调查人员和市场参与者将密切监视其未来交易。