[BTX Capital and Founder Accused of Manipulating Multiple Token Prices on Hyperliquid]
Crypto analyst Specter posted on the X platform, stating that on-chain investigations reveal BTX Capital and its founder Vanessa Cao are suspected of manipulating the prices of multiple tokens on Hyperliquid, including POPCAT and TST. On November 12, attackers reportedly placed a $25 million buy wall around $0.21 for POPCAT, creating a false demand illusion through over 26 wallets before withdrawing the orders, leading to mass liquidations. The attackers incurred a loss of approximately $4 million in collateral, while HLP suffered a loss of about $4.9 million. Specter believes the attackers may have profited by shorting the tokens on centralized platforms. On-chain fund flows indicate that the related wallets are directly linked to BTX Capital's official wallet and Vanessa Cao's public wallet, vanessacao.eth. Additionally, BTX Capital has also been accused of manipulating tokens such as ZEREBRO, JELLYJELLY, and HIFI, and may have employed similar tactics with ZEC.
