Account Linked to UXLINK Hack Starts Closing $148 Million in Longs

Monitoring account 余烬监测 identified a trader as the UXLINK hacker. The trader has begun unwinding about $148 million in long positions on Hyperliquid, with a complete exit projected to leave the account down $3.3 million. The positions comprise 30,282 Ether (ETH), 550,000 Solana (SOL) and 35.03 million XRP. They were opened in August and had a combined value of about $148 million. The trader set a time-weighted average price (TWAP) tool to execute the close over 16 hours. The schedule covers all three positions, spreading the exit across that window rather than closing them at once.