Analysis: Users on Hyperliquid leveraging 50x long on BTC and ETH are not engaging in wash trading

ChainCatcher news, Coinbase executive Conor Grogan posted on X that he tracked the wallets of users who went long on BTC and ETH on Hyperliquid and found that their funds came from phishing. The user is a customer of the crypto gambling platform Roobet. Moreover, he closed his long position before Trump's second announcement of the BTC strategic reserve, missing out on tens of millions of dollars in profits. He is merely a gambler using phishing funds, not a so-called insider trader.