UXLINK hacker starts cutting $148M long position on Hyperliquid

A UXLINK hacker has begun unwinding a $148 million long position on Hyperliquid, according to EmberCN. The hacker built long positions in 30,282 ETH, 550,000 SOL and 35.03 million XRP in August, and two hours ago set a time-weighted average price, or TWAP, order to liquidate all of the longs over 16 hours. If the full position is closed, the estimated loss will be about $3.3 million. UXLINK was previously hacked for $44 million in assets on Sept. 22 last year.