Web3 security company Salus: China law enforcement agencies have detected three cases of using HyperLiquid for money laundering, and the policy structure is highly similar to James Wynn's operating path
On June 6, Mirror Tang (@mirrorzk), founder of Web3 security company Salus, posted a post on social media saying that since March this year, China law enforcement agencies have detected three cases of using HyperLiquid for cryptocurrency money laundering. The operation method is to use Hyperliquid's high-leverage mechanism to hedge and wash illegal gains, create losses on HyperLiquid, and at the same time reverse establish positions on a centralized trading platform to make profits and complete the bleaching of funds. Salus will publish a research article in cooperation with law enforcement agencies to formally disclose this information in the future. Mirror Tang also pointed out that the strategic structure is highly similar to the operating path of James Wynn, the giant whale who recently opened a high-power contract and ultimately retracted US$100 million in profits. Mirror Tang called on Hyperliquid co-founder Jeff to pay attention to the issue, saying that if the lack of current risk control measures cannot be solved, he will face high risks of regulatory intervention.
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