The Hyperliquid Foundation has transferred 10,000 HYPE tokens, valued at approximately $254,000, to blockchain investigator ZachXBT. This significant contribution makes Hyperliquid his second-largest disclosed institutional supporter. ZachXBT publicly confirmed the transfer via Telegram, updating his donor leaderboard to reflect this new support.
ZachXBT operates independently, funding his blockchain investigations through donations. He maintains transparency by publishing a public ranking of his donors. This latest donation from Hyperliquid follows previous investigations where ZachXBT had flagged scams, exploits, and suspicious activities linked to the platform.
Donation Details and Donor Rankings
According to ZachXBT's updated leaderboard, the 10,000 HYPE token donation from the Hyperliquid Foundation is his second-largest institutional contribution to date. The leaderboard lists Optimism as his largest donor, with Hyperliquid now ranked second. Other notable contributors include Octant and The White Whale.
Additional disclosed contributors to ZachXBT's investigative fund include Arbitrum, BNB Chain, Unipcs, Nouns, CL207, and High Stakes Capital. ZachXBT emphasizes his commitment to public transparency regarding his funding sources and regularly shares these donor rankings to document financial support for his work. He operates pseudonymously and currently advises the crypto investment firm Paradigm.
ZachXBT’s Investigative Work and Methods
ZachXBT specializes in tracing illicit cryptocurrency flows across various blockchains. His investigative methods involve sophisticated techniques such as address clustering and detailed transaction analysis. These approaches are crucial for uncovering hidden links between wallets and identifying patterns indicative of fraud and exploitation.
His work has been instrumental in tracking hundreds of millions of dollars lost to cryptocurrency exploits, scams, phishing operations, and coordinated theft schemes. These investigations frequently span across decentralized exchanges, blockchain bridges, and privacy-focused networks, highlighting the broad scope of his reach within the crypto ecosystem.
In a notable case on January 10, 2026, ZachXBT detailed a significant hardware wallet theft amounting to $282 million. This incident involved the illicit acquisition of Litecoin and Bitcoin from a single victim. He reported that the perpetrators managed to convert the stolen funds through instant exchanges and privacy-centric digital assets, underscoring the complex methods used by malicious actors.
Prior Hyperliquid-Related Investigations
The significance of Hyperliquid's donation is further amplified by ZachXBT's previous investigations that involved the platform. In March 2025, he identified a scam operation linked to a trader actively using Hyperliquid's decentralized exchange. The trader in question, identified as William Parker, was found to have a documented criminal history.
ZachXBT's reporting indicated that Parker's wallet had received funds from phishing victims. Furthermore, he flagged suspicious leveraged trading activities occurring on both Hyperliquid and GMX. In a separate incident, he also tracked a $400,000 exploit that involved the theft of Hypurr NFTs on the Hyperliquid platform.
ZachXBT consistently maintains that his investigative scope is not confined to any single platform. He continues to publish his findings and analyses across the broader cryptocurrency landscape, contributing to the overall security and transparency of the digital asset space.