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"Former Hyperliquid employee" withdrew nearly 250,000 USDC, with approximately 1,480,000 USDC remaining in the contract account.
PANews January 12 News, according to Coinbob monitoring, “Former employee of Hyperliquid” (address starting with 0x7ae4) withdrew 249,999 USDC, with 1,483,912 USDC remaining in the contract account.
This address continued to short HYPE during the decline. On-chain tracking revealed its association with the Hyperliquid team, which drew attention. However, recently the Hyperliquid team clarified that this address belongs to a former employee who was dismissed in 2024 and has severed ties with Hyperliquid Labs.