关于周一可疑转移超过3520 BTC（3.307亿美元）的可疑转移到隐私硬币Monero（XMR）有些不符

Monero掩盖了发件人和收件人的地址以提供不可吸引的货币，但交流的流动性有限

On Monday, more than 3,520 BTC (about $330.7 million) were mysteriously moved to privacy coin monero (XMR), probably linked to a hack, according to blockchain sleuth ZachXBT.

根据区块链Sleuth Zachxbt的说法，周一，超过3,520 BTC（约3.307亿美元）被神秘地转移到了隐私硬币Monero（XMR），可能与黑客相关。

This decision to use an illiquid cryptocurrency is interesting. Usually, one would expect to see the funds move in Tether's USDT or ether (ETH) for a less slippage-prone way of moving the funds about and mixers such as Tornado Cash to help obfuscate the transaction path. Of course, stablecoins like USDT are also easier to intercept and freeze.

使用流动性的加密货币的决定很有趣。通常，人们希望看到该资金在Tether的USDT或Ether（ETH）中移动，以不太滑倒的方式移动资金，以及诸如Tornado Cash之类的混音器，以帮助使交易路径混淆。当然，像USDT这样的Stablecoins也更容易拦截和冻结。

However, trading data suggests there was more going on than a simple case of someone trying to launder stolen funds.

但是，交易数据表明，发生的事情不仅仅是一个简单的案例，即有人试图洗钱的资金。

The possible hacker very likely did encounter slippage during the transaction. Combined market depth, which measures order book liquidity over a given price range, was relatively low at around $1 million per 2% on both sides of the book. As a result of the limited liquidity on exchanges, XRM surged by 45%, which means they could have lost as much as 20% — $66 million — by purchasing XMR rather than a more-liquid token.

可能的黑客很可能在交易期间确实遇到了滑倒。组合的市场深度衡量了在给定价格范围内的订单流动性，相对较低，在本书的两边每2％左右约100万美元。由于交流的流动性有限，XRM飙升了45％，这意味着他们可能会通过购买XMR而不是更精美的令牌来损失20％（6600万美元）。

For a more complete picture, take a look at derivative markets. While monero was surging, open interest — the number of outstanding futures and options contracts — in XMR on the main centralized exchanges more than doubled to $35.1 million, according to blockchain analytics firm Coinalyze.

有关更完整的图片，请看一下衍生市场。根据区块链分析公司Coinalyze的数据，虽然Monero在激增，但开放式利息（未偿还期货和期权合约的数量）在主要集中式交易所的XMR中增加了一倍以上，达到3510万美元。

A 45% rise in XMR's price should have boosted open interest only to $24.2 million instead of the figure it ended up at. Taking into account the $1 million in liquidations, someone, or some people, were already long on XMR to the tune of $11 million.

XMR的价格上涨了45％，只能将开放在2420万美元上提高，而不是最终达到的数字。考虑到100万美元的清算，某人或某些人已经很长时间XMR到1100万美元。

While the price increase on that holding wouldn't have compensated for the full amount of slippage, it would help soften the blow. Moreover the figure doesn't take into account any positions that might have existed in decentralized exchanges, and let's not forget the funds were probably stolen in the first place, so the (assumed) perpetrators are still a couple of million dollars ahead.

尽管该持有的价格上涨并不能弥补全部滑倒，但这将有助于减轻打击。此外，该数字没有考虑到分散交易所中可能存在的任何职位，让我们不要忘记这些资金可能首先被盗了，因此（假定的）肇事者仍然是前面的几百万美元。

This is not the first time bad actors have flooded spot purchases to move the derivative needle. Last month a trader manipulated JELLY prices on decentralized exchange HyperLiquid. They bought JELLY on illiquid exchanges, tricking the pricing oracle to feed an inaccurate price to HyperLiquid and thus generating profit for holders of long positions.

这并不是第一次不好的演员淹没现场购买以移动衍生针头。上个月，一位交易者操纵了分散的交易过度液体的果冻价格。他们通过流动性交易所购买了果冻，欺骗了定价甲骨文，以将价格不准确地喂给超流动性，从而为长位持有人带来了利润。

Both cases draw similarities to the $114 million exploit on Mango Markets in 2022, which involved a trader named Avi Eisenberg manipulating MNGO prices by borrowing assets using ill-gotten gains as collateral. Eisenberg was found guilty by a jury in 2024 and faces 20 years in prison.

这两种案件都与2022年在芒果市场上的1.14亿美元（1.14亿美元）相似，这涉及一位名为Avi Eisenberg的交易员通过使用不诚实的收益作为抵押品借入资产来操纵MNGO价格。艾森伯格（Eisenberg）在2024年被陪审团裁定有罪，面临20年监禁。