Hyperliquid Donates $254K in HYPE Tokens to On-Chain Investigator ZachXBT

Hyperliquid has donated 10,000 HYPE tokens, valued at $254,000, to pseudonymous blockchain investigator ZachXBT. The contribution marks the second-largest institutional donation ZachXBT has received, trailing only Optimism's support. The investigator confirmed the donation via Telegram on January 18, 2026, alongside an updated donor leaderboard.

Hyperliquid now ranks ahead of major blockchain projects like Arbitrum, BNB Chain, and Nouns in terms of contributions to ZachXBT's work. The donation follows the investigator's prior exposure of fraudulent activities on Hyperliquid's network, though neither party has disclosed specific motives for the transaction.

ZachXBT, an advisor at Paradigm, relies on community funding to sustain his forensic blockchain analysis and legal battles. His methods—including address clustering and transaction tracing—have recovered hundreds of millions in stolen crypto assets, cementing his reputation as a leading fraud investigator in decentralized finance.