Whale 0xf3f Nets $20M on Hyperliquid Amid Legal Questions
Whale 0xf3f earned $20M on Hyperliquid via high-leverage trades. Links to phishing raise concerns about illegal activities.
- Whale 0xf3f gained $20M via high-leverage trading.
- Wallet linked to Roobet, Binance, and phishing sites.
- Possible illegal activity flagged by ZachXBT in March 2025.
A mysterious crypto trader, identified by wallet address 0xf3f, has recently come under the spotlight for turning a staggering $20 million profit through high-leverage trading on Hyperliquid between January and March 2025. While large gains aren’t rare in the volatile crypto world, this particular trader has raised serious red flags for potentially illegal activities.
Blockchain sleuth ZachXBT revealed that the 0xf3f wallet isn’t just tied to trading gains—it’s also associated with a web of accounts across platforms like Roobet, Binance, Gamdom, and more. These connections add to the growing concerns about the legitimacy of the whale’s earnings and possible money laundering or phishing-related operations.
Phishing Links and Suspicious Fund Flows
The situation intensified when it was discovered that in January 2025, phishing sites like phishing[.]fi flagged the 0xf3f wallet as a receiving address, with $171,000 worth of funds flowing into it. These funds were suspected to originate from victims of phishing scams, suggesting the wallet might have been used as part of fraudulent activities.
These links between phishing scams and massive trading profits could point to Market manipulation or the use of illegally obtained funds in leveraged trading. While direct legal action has yet to be confirmed, the spotlight on 0xf3f has intensified, and regulators may soon investigate the trader’s activity on Hyperliquid and connected exchanges.
Crypto Community Watches Closely
As the crypto industry continues to battle fraud and maintain legitimacy, wallets like 0xf3f remind traders and investors of the risks of unregulated activities. The story underscores the need for due diligence and enhanced blockchain analytics to trace suspicious behavior. For now, the true identity behind 0xf3f remains a mystery—but their $20 million profit isn’t going unnoticed.
