UXLINK hacker begins closing $148 million long position on Hyperliquid, expected loss of $3.3 million

BlockBeats news, November 9th, according to EmberCN monitoring, the UXLINK hacker established long positions in ETH, SOL, and XRP on Hyperliquid in August this year, with a total position value of approximately $148 million, involving 30,282 ETH, 550,000 SOL, and 35.03 million XRP.

About 2 hours ago, the address began setting up a phased liquidation plan through the TWAP tool, expected to complete the liquidation of all positions within 16 hours, and according to the current plan, it is expected to be fully executed by around 6 AM tomorrow. After all positions are closed, an estimated loss of approximately $3.3 million is expected.