ZachXBT uncovered the true identity of "Hyperliquid Big Player": William Parker, a habitual thief and cryptocurrency phishing villain. Just like this, a scumbag has become a trading hero sought after in the cryptocurrency market recently, which makes people ponder the complex relationship between regulatory scrutiny and personal privacy. The absolute personal privacy advocated by fundamentalist crypto punks will help villains like William Parker use the concepts of "code is law" and "decentralization" to escape limitations and punishments. Nowadays, the constraints and control measures imposed by sovereign states on personal privacy, such as restricting the use and circulation of cash, are eroding the sacred freedom of individuals. Therefore, we need to find a new balance between absolute personal privacy and strong regulatory scrutiny. However, we clearly cannot expect legislators to take action on self-restraint. A feasible solution may be to productize the ZK AML solution into a pluggable module for DeFi, especially DEX and PerpDex, which can comply with regulatory review frameworks without compromising user privacy. above.