List of Flash News about Leverage Loss
Time | Details |
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2025-07-04 09:58 |
Bittrue Hacker Profits $9.3M Trading ETH Before Tornado Cash Laundering; Trader Loses Millions on BTC Leverage
According to @AltcoinGordon, a hacker from the 2023 Bittrue exchange exploit successfully made a $9.37 million profit by strategically trading Ether (ETH) before laundering $30 million through Tornado Cash, as reported by EmberCN citing Debank data. The hacker sold ETH in 2023, repurchased it after a price drop, and held through its recent rally to $2,873. In a separate event highlighting market volatility, a derivatives trader on HyperLiquid, AguilaTrades, experienced a dramatic reversal, turning a $10 million unrealized profit on a leveraged Bitcoin (BTC) long position into a $2.5 million loss after BTC's price fell 4%. This incident, noted by Lookonchain, underscores the risks of high-leverage trading in a range-bound market, where BTC has been fluctuating between approximately $100,000 support and $110,000 resistance. |