Specter links BTX Capital to POPCAT manipulation.
By Maxime Laurent · 2025-11-14 12:07
Specter links BTX Capital to POPCAT manipulation.
Vanessa Cao allegedly behind coordinated Hyperliquid plays 🕵️♀️💥
Analyst Specter claims that BTX Capital — along with its founder Vanessa Cao — orchestrated the recent #POPCAT manipulation on Hyperliquid, allegedly profiting through opposite positions on centralized exchanges.
Investigators have traced about 26 wallets tied to the event, many linked to OKX and to previous suspicious activity around #TST — several of those wallets reportedly connected to Cao herself.
According to Specter, BTX may also be behind similar moves in #ZEREBRO, #JELLYJELLY, and #HIFI, with #ZEC potentially next on the list.
If true, this would mark yet another example of how tightly intertwined DeFi trading and CEX liquidity games have become — where one team’s “strategy” looks a lot like another’s market manipulation.
#POPCAT #BTXCapital #VanessaCao #ZEC #DeFi #Hyperliquid #marketmanipulation #crypto
Vanessa Cao allegedly behind coordinated Hyperliquid plays 🕵️♀️💥
Analyst Specter claims that BTX Capital — along with its founder Vanessa Cao — orchestrated the recent #POPCAT manipulation on Hyperliquid, allegedly profiting through opposite positions on centralized exchanges.
Investigators have traced about 26 wallets tied to the event, many linked to OKX and to previous suspicious activity around #TST — several of those wallets reportedly connected to Cao herself.
According to Specter, BTX may also be behind similar moves in #ZEREBRO, #JELLYJELLY, and #HIFI, with #ZEC potentially next on the list.
If true, this would mark yet another example of how tightly intertwined DeFi trading and CEX liquidity games have become — where one team’s “strategy” looks a lot like another’s market manipulation.
#POPCAT #BTXCapital #VanessaCao #ZEC #DeFi #Hyperliquid #marketmanipulation #crypto
Disclaimer: This content is for informational purposes only and not financial advice.