Multiple cases of Money Laundering using the HyperLiquid exchange have been cracked.

According to the Gate News bot, Mirror Tang, the founder of the Web3 security company Salus, publicly disclosed that from March 2024 to the present, Chinese law enforcement agencies have successfully solved three cases of crypto assets money laundering involving the HyperLiquid exchange. Criminals used HyperLiquid's high-leverage Get Liquidated mechanism to clean illegal funds, specifically by creating Get Liquidated losses on HyperLiquid while simultaneously making Reverse Build a Position profits on centralized exchanges, thus completing the money laundering process. Tang pointed out that this operational path is highly similar to the trading strategy of James Wynn.

Source: Wu Says

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