Address Possibly Linked to UXLINK Theft Holds ~$44M Long Position in ETH

According to The Defiant, security firm PeckShield has identified a Hyperliquid account that may be linked to the Web3 social protocol UXLINK theft via an intermediate wallet, holding a long position in ETH. A subsequent dashboard snapshot showed the position at approximately 20,919 ETH, valued at around $44 million, with an unrealized loss of about $652,000, an average entry price of $2,134.45, using 15x full margin leverage, and an estimated liquidation price of $1,630.63. The report noted that the link is based on an intermediate address transferring 11 million USDC to the trading account, and that this intermediate address had interacted with an address flagged as the UXLINK attacker; this indirect connection alone does not prove that the trader controls the attacker's wallet. Previously, related addresses had begun to gradually close out long positions in ETH, SOL, and XRP, with the original total position value at approximately $148 million.