**[BTX Capital Accused of "Malicious Manipulation" of Multiple Token Prices on Hyperliquid]** BlockBeats News, November 14: Crypto analyst Specter posted that an on-chain investigation revealed BTX Capital and its founder Vanessa Cao might have been involved in manipulating the prices of multiple tokens on Hyperliquid, including POPCAT and TST, profiting from their significant capital advantage. On November 12, the attackers placed a buy wall of approximately $25 million at a POPCAT price of around $0.21. They used over 26 wallets to create the illusion of strong demand before canceling the orders, leading to massive liquidations. The incident caused the attackers to lose $4 million in collateral while HLP suffered a $4.9 million loss. Specter believes the attackers were able to bear such significant losses because they likely shorted the token on centralized exchanges. On-chain fund flows further point to BTX Capital. Wallets involved in TST manipulation, Bybit deposit wallets, and multi-signature addresses are all directly linked to BTX Capital's official wallet and Vanessa Cao's public wallet, vanessacao.eth. The fund flows indicate that they can easily mobilize large amounts of capital for price manipulation. Specter noted that BTX Capital might have also manipulated other tokens with recent abnormal price fluctuations, such as ZEREBRO, JELLYJELLY, and HIFI, and suspects similar tactics might have been applied to ZEC.