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. All three positions are on Hyperliquid, where the scheduled exit is taking place.

Long positions gain exposure when asset prices rise, so closing the trades will end that exposure if all scheduled orders execute. The $3.3 million figure is an estimate for closing the full set of positions; $148 million is their combined value.