According to ChainCatcher news, on-chain detective ZachXBT stated on X platform that the recently high-profile "Hyperliquid 50x leverage whale" is actually an online criminal who uses stolen funds for gambling.
When users requested ZachXBT to reveal the criminal's identity, ZachXBT responded: "We are waiting to see, but it is no longer pleasant to just publish the investigation results on X/Twitter."
Additionally, ZachXBT also explicitly ruled out the possibility that the address is associated with the North Korean hacker group Lazarus Group.



