Salus Founder: Since March, Chinese law enforcement agencies have cracked 3 cases involving money laundering using Hyperliquid.

Wu Shuo learned that Mirror Tang, founder of Web3 security company Salus, tweeted that since March this year, Chinese law enforcement agencies have cracked three cases of cryptocurrency money laundering using HyperLiquid. The method involves exploiting HyperLiquid's high-leverage liquidation mechanism to hedge and cleanse illicit proceeds by creating liquidation losses on HyperLiquid while simultaneously opening reverse positions on centralized exchanges to profit, thereby laundering the funds. This strategy structure closely resembles the operational approach of James Wynn.