Techub News reported that Mirror Tang, founder of Web3 security company Salus, tweeted that since March this year, Chinese law enforcement agencies have detected 3 cases of using Hyperliquid for cryptocurrency money laundering. The operation method is to use Hyperliquid's high-leverage liquidation mechanism to flush out the illegal gains: create liquidation losses on HL, and reverse positions on centralized exchanges to make profits, and complete capital bleaching. The strategy structure is highly similar to that of James Wynn's action path. Failure to address the lack of current risk control measures will result in a high risk of regulatory intervention.
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Techub News reported that Mirror Tang, founder of Web3 security company Salus, tweeted that since March this year, Chinese law enforcement agencies have detected 3 cases of using Hyperliquid for cryptocurrency money laundering. The operation method is to use Hyperliquid's high-leverage liquidation mechanism to flush out the illegal gains: create liquidation losses on HL, and reverse positions on centralized exchanges to make profits, and complete capital bleaching. The strategy structure is highly similar to that of James Wynn's action path. Failure to address the lack of current risk control measures will result in a high risk of regulatory intervention.