Crypto Trader Begins $148 Million Position Unwind on Hyperliquid

A trader associated with a wallet linked to the previous UXLINK attack has started closing substantial positions on the decentralized derivatives platform Hyperliquid. Following significant losses, the trader commenced a Time-Weighted Average Price (TWAP) strategy on November 9 to reduce exposure, with the program scheduled to conclude by 06:00 GMT on November 10.

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