The address suspected to be related to the UXLINK theft incident holds approximately 44 million USD worth of ETH long positions

According to The Defiant, security company PeckShield discovered a Hyperliquid account holding long positions in ETH that may be related to a theft incident involving the Web3 social protocol UXLINK through an intermediary wallet. Subsequent dashboard snapshots show that the position is approximately 20,919 ETH, valued at around 44 million dollars, with an unrealized loss of about 652,000 dollars, an average entry price of 2,134.45 dollars, using 15x full leverage, and an estimated liquidation price of 1,630.63 dollars.

The report states that the connection is based on an intermediary address transferring 11 million USDC to the trading account, and this intermediary address had previously interacted with an address marked as the UXLINK attacker; this indirect link alone cannot 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 position's total value being approximately 148 million dollars.