ZKasino exploiter saw $27M liquidated on Hyperliquid trade
One of the wallets behind the $33 million “rugging” of ZKasino has lost over $27 million while leverage trading on Hyperliquid, despite investors still waiting to be paid back. According to X user @SigmaSquared, the wallet placed a 20x leverage trade on the price of ether (ETH) that would liquidate if it fell to $1,745. On Sunday, it duly did. The wallet was involved in the likely rug pull of ZKasino back in April 2024. ZKasino is a decentralized gambling platform that convinced investors to invest their ETH into its “bridge-to-earn” program. Update: Zkcasino rugger got liquidated on his ETH position and lost 27M$ on hyperliquid perps If you're a creditor i am sorry for you https://t.co/oluOSflgI0 pic.twitter.com/yzuvMlphzo — sigma^2 (@SigmaSquared_) April 7, 2025 Read more: ZKasino $30M ‘favor’ to users — seamless transition or rug pull? These investors were then unexpectedly told that these funds would be converted into its token ZKAS and...