CertiK: DeFi Protocol Whale Steals $282 Million; Hacker Bridges About $63 Million to New Address

January 19th — According to Coinbob Popular Address Monitoring (via https://t.me/Coinbob_track_CN), key crypto whale addresses on Hyperliquid saw notable moves today: **BTC OG Insider Whale**: Unrealized profit narrowed sharply without rebalancing. The account holds ~$880M in total positions, led by an ETH long (avg. $3,161, ~$720M size, $12.6M/8% profit). It also holds BTC and SOL longs, ranking 1st in ETH and SOL longs on Hyperliquid. **CZ Counterparty**: Total profit turned to loss ($12M unrealized). The main driver is an XRP long (~$75.6M size, $13.3M loss). It also holds an ETH long (avg. $3,190, ~$183M size, $1.4M profit). Total positions: ~$264M, ranking 1st in XRP longs and 2nd in ETH longs on Hyperliquid. **ZEC Largest Short**: Took big profits from closing MON shorts and added FARTCOIN hedge positions. Now holds ~$167M in total shorts, the largest on-chain ETH short position. **Meme Coin Army Head**: Boosted LIT shorts significantly (current size: $7.4M, $3.3M pro

On January 19, Genius— the perpetual DEX trading terminal backed by YZi Labs— released its official airdrop and rewards whitepaper. Season 1 will conclude on April 12, 2026, with the GENIUS token set to be created prior to that date. Airdrop allocations will increase by 50%, and the value of each point will also rise by 50%. From now through April 12, 10 million GP will be distributed weekly. GP is allocated retroactively and distributed solely based on spot trading volume, with the value of GP earned via trading volume remaining unchanged.

On January 19, per monitoring from HyperInsight, a whale closed out a 6,755 ETH short position at 10:23, realizing a $241,000 profit. The address currently holds an unrealized loss of $32,000. This address favors high-leverage trades, using 20x to 40x leverage for major cryptocurrencies, and has generated a monthly profit of $520,000.

**Crypto Flash: Bitcoin Dips Below $92k, Triggering $865M+ Liquidations** Jan. 19 — Bitcoin briefly dipped below $92,000 on Wednesday, per Decrypt, sparking over $865 million in total liquidations across the network in 24 hours. Fisher8 Capital analyst Lai Yuen attributed the crypto downturn largely to a renewed US-Europe trade war and market fears over former President Trump’s new tariff proposal. Bitget Chief Analyst Ryan Lee noted: “Bitcoin’s recent pullback is driven more by shifts in global risk appetite than crypto’s own fundamentals. With rising macro uncertainty and profit-taking after recent big gains, investors are taking a more cautious stance across stocks, commodities, and digital assets.” Looking ahead, Lee expects Bitcoin to trade within a range in late January, with potential support around $85,000.

January 19: Per HyperInsight monitoring, the "aggressive long-focused professional" trader (address 0xbaae1) closed out a 1,789,328.7 FARTCOIN short position, incurring a $40,000 loss. The address currently holds no open positions and is in wait-and-see mode. This address exhibits an extremely high risk appetite, utilizing a high-frequency, large-position isolated margin trading strategy.

On January 19th, Perp DEX Trove announced last week that after raising $11.5 million via an ICO, it will shift its TROVE token and perpetual contract DEX platform from Hyperliquid to Solana—backtracking on its earlier plan shared with participants. Trove noted a liquidity partner that had backed its Hyperliquid deployment opted to liquidate a 500,000 HYPE position; the move was the partner’s independent call but altered the project’s constraints. As a result, Trove will no longer build on Hyperliquid’s infrastructure, instead rebuilding its perpetual contract trading platform from the ground up on Solana. The new platform will cover multiple asset classes, including real-world assets (RWAs) and prediction markets. The sudden shift has sparked strong dissatisfaction in the community, particularly among ICO backers who’d expected the project to launch on Hyperliquid and stay tied to the HYPE ecosystem.