A wallet associated with the ZKasino scam lost $27 million after a leveraged Ethereum trade was liquidated on the Hyperliquid exchange

Description

A wallet tied to the $33 million ZKasino exploit was liquidated on Hyperliquid, losing over $27 million from a 20x leveraged long position on Ether.

Event date

Apr 7, 2025 - 12:00am

Quotes that support claims

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.

A wallet linked to the $40 million ZKasino scam lost more than $27 million after a leveraged position was liquidated, marking what some in the crypto community are calling a dose of karmic justice.

Tags

Week 15 of 2025