Hyperliquid 50x Leveraged Whale Denies ZachXBT’s Claims of Stolen ETH Funds

On March 19th, a notable figure in the crypto trading community, identified as a 50x leveraged whale on Hyperliquid, responded to accusations raised by on-chain analyst ZachXBT. The whale, operating under the handle @qwatio, expressed discontent, labeling the speculations as unfounded and urging ZachXBT to substantiate his claims, particularly concerning alleged stolen funds. The trader emphasized that their wallet experiences an influx of tens of thousands of transactions daily, often from scammers, which could explain any minor ETH dust transactions noted. Previously, ZachXBT had claimed that this specific whale was likely using illicitly obtained funds for gambling, while also dismissing any connections to the notorious Lazarus Group, a hacking entity known for its involvement in various cybercrimes. The unfolding situation highlights the need for a thorough examination of transactional activity on blockchain platforms.