Hackers are suspected of transferring money laundering funds from Tornado Cash to Hyperliquid, shorting BTC with 40x leverage

According to on-chain analyst Ember (@EmberCN), a wallet received 263 ETH from Tornado Cash yesterday, then sold it for 643,000 USDC and deposited it into Hyperliquid.

The address opened a short position of 305.5 BTC at a price of $83,068 with a maximum leverage of 40 times, with a position size of approximately $25.38 million, and the liquidation price is $84,088, currently with an unrealized profit of about $160,000.