BTX Capital Faces On-Chain Scrutiny After POPCAT Market Shock

TLDR: Investigators linked the POPCAT setup to 26 wallets coordinating a 25M dollar buy wall signal. The attacker absorbed a 4M dollar loss while Hyperliquid liquidity providers lost 4.9M dollars. Wallet traces connected multiple OKX and Bybit deposits to earlier manipulation activity. Funding trails led researchers to wallets associated with BTX Capital and its founder. [...]

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