Roobet and Stake.com-Linked Wallets Face $10.4 Million ZEC Short Liquidation

Roobet and Stake.com-Linked Wallets Face $10.4 Million ZEC Short Liquidation

New blockchain data reveals trader 0x152e incurred major ZEC and BTC leveraged trades, underscoring persistent high-risk strategies in volatile cryptocurrency markets.

BTC
ZEC

Fact Check
The assessment is "likely_true" with high confidence based on strong, corroborating evidence from multiple sources that collectively support every component of the statement, despite a minor conflict.1. **Confirmation of the ZEC Liquidation and Value:** Multiple independent sources (Freecoins24, Ainvest, CoinGecko, Lookonchain) confirm that a significant Zcash (ZEC) short position was liquidated for a value of or exceeding $10.4 million. This establishes the core event, the specific asset, and the monetary value as factual.2. **Confirmation of the Link to Roobet/Stake.com:** The most critical link is established by several sources. The highly authoritative CoinDesk article confirms a massive liquidation of a high-stakes gambler known for using Roobet and Stake.com. More directly, Bitget News and Fastbull explicitly state that this gambler's short portfolio included Zcash (ZEC). This directly connects the entity mentioned in the statement (Roobet/Stake.com wallets) to the specific asset (ZEC) involved in a short liquidation event.3. **Synthesis of Evidence:** By synthesizing the information, a clear narrative emerges: A well-known gambler associated with Roobet and Stake.com was part of a large-scale liquidation event. Part of that event included a specific short position on Zcash (ZEC), which resulted in a loss of $10.4 million. While some sources only report on the on-chain ZEC liquidation without naming the entity, and others report on the gambler without specifying the ZEC loss, the provided sources collectively bridge this gap to form a complete and consistent picture.4. **Addressing Conflicting Evidence:** There is one minor conflict from a Bitget news article that cites a $3.28 million loss for Roobet/Stake.com short positions. However, given the massive scale of the overall liquidation reported by CoinDesk ($168 million), it is plausible that the $3.28 million and $10.4 million figures refer to different portions of the total liquidated portfolio or are based on different on-chain data snapshots. The $10.4 million figure for the ZEC short is corroborated by more sources, making it the more credible value for this specific part of the event. This single discrepancy is not significant enough to undermine the core truth of the statement, which is strongly supported by the weight of the other evidence.
Summary

Following earlier $10.4 million ZEC short liquidations linked to Roobet and Stake.com wallets, trader 0x152e closed a ZEC long with an $846,000 loss before shorting 4,574.87 ZEC worth $2.66 million at 5x leverage and opening a long on 367.36 BTC valued at $31.63 million at 20x leverage. These trades reflect continued aggressive engagement in leveraged cryptocurrency positions amid significant market volatility.

Terms & Concepts
  • ZEC: The ticker symbol for Zcash, a privacy-focused cryptocurrency offering shielded transactions.
  • Short Position: A trading strategy where an investor sells an asset expecting its price to decline, aiming to buy it back later at a lower price.
  • Leverage: The use of borrowed capital to increase the potential return of an investment, which also amplifies potential losses.