ZachXBT: Mysterious Hyperliquid Millionaire Has Criminal Record for Fraud
ZachXBT, an on-chain analyst, recently provided information that someone involved in the Hyperliquid crypto platform has a criminal record from the past. According to ZachXBT, this is Nigel Damon Evers. The background research posted on X (formerly Twitter) shows Canadian government documents and also points to a criminal record for fraud involving $60,000 US.
The Story Behind
ZachXBT’s revelation about Nigel Damon Evers comes at an inopportune time for Hyperliquid. The decentralized derivatives trading platform has been making waves since its launch, last raised $4 million in December 2022, and is in the process of a $40 million financing round.
Reaction from Hyperliquid
As of now, Hyperliquid, which is registered as a company in Singapore, has not commented officially on ZachXBT’s revelations. The long-awaited allegations could now negatively affect Hyperliquid’s reputation and thus the financing round.
Hyperliquid’s Previous Success
Hyperliquid had initially built its reputation by offering trading options such as leverage positions with up to 20x, which particularly attract professional traders. While transaction numbers are still not published officially, Hyperliquid is said to already have achieved figures in the billions.
Questions About Credibility
For ZachXBT himself, things are now potentially more complicated, as he is being sued for an alleged false accusation. How his legal situation develops could affect his credibility in this case as well. If Hyperliquid chooses to approach the revelations aggressively, it might contribute to shifting the legal focus from past fraud to the current controversy.
Conclusion
The revelation that someone behind Hyperliquid has a criminal record raises the question of how the platform, known for its decentralization and trust, will respond. In cryptocurrency, where transparency and credibility are of high importance, allegations like these can cause lasting damage.
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