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Tornado Cash-Linked Wallet Opens Bitcoin Long and Ether Short on Hyperliquid
According to The Defiant, a wallet tied to Tornado Cash has built a position worth about $26 million that pairs a Bitcoin long with an Ether short on Hyperliquid.
How the wallet assembled the position
The Defiant reports that the wallet first swapped 3,100 ETH for roughly 6.92 million USDC, a stablecoin pegged to the dollar and issued by Circle. That USDC balance was subsequently put to work opening a Bitcoin long alongside an Ether short on Hyperliquid.
What the report does and does not establish
The account rests on a single outlet, The Defiant, and the figures it gives have not been matched by other sources in the material available. The Tornado Cash link and the aims behind the strategy are presented as The Defiant's characterisation, not as established fact.
Open questions
- Who controls the wallet, and has any party publicly claimed it?
- Are the Bitcoin and Ether positions still open?