Hyperliquid Whale Sparks Controversy With Account Changes

2 mins mins

Key Points:

Hyperliquid Whale accused of gambling with stolen funds, altering accounts.
Account renamed “falllling”, previously “MELANIA” on DeBank.
ZachXBT claims Hyperliquid Whale is a cybercriminal.

hyperliquid-whale-sparks-controversy-with-account-changes — Hyperliquid Whale Sparks Controversy With Account Changes

The Hyperliquid 50x Whale stirred attention after changing its account name to “falllling”, following a prior rename to MELANIA on DeBank. On-chain investigator ZachXBT identified them as a cybercriminal exploiting stolen funds.

“It’s funny watching CT speculate on the ‘Hyperliquid whale’ when in reality it’s just a cybercriminal gambling with stolen funds.”
– ZachXBT, Blockchain Investigator
– Source

Controversial Account Name Changes Lead to Skepticism

Altering account names disrupts efforts to track cryptocurrency activities, raising concerns about accountability. These actions also highlight the elusive nature of market participants, affecting overall trust in digital asset marketplaces.

Market observers reacted with skepticism as Hyperliquid Whale’s activities continued to generate debate. Industry voices, including investigative entities, called for enhanced scrutiny of such occurrences to protect investor interests and market integrity.

Historical Tactics and Current Market Implications

Did you know?
In January 2025, the Hyperliquid Whale became known for buying a Twitter account and allegedly using $5,000 from phishing scams, drawing parallels to historical cases of account manipulation in digital marketplaces.

Experts urge consideration of regulatory mechanisms to address identity alterations in digital finance. Data suggests past events where account rename tactics prompted calls for technological enforcement to mitigate risks associated with fraudulent asset handling.