Post
--
Trader burns 3 million dollars to open a 5 million hole in the Hyperliquid vault
A community member described the loss of 3 million dollars as 'performative art'.
A coordinated attack against Hyperliquid resulted in nearly 5 million dollars from the Hyperliquidity Provider (HLP) vault of the protocol, when an unknown trader burned 3 million dollars of capital to manipulate the POPCAT market and trigger liquidations.
The blockchain analysis company Lookonchain revealed on Thursday that it all started when the attacker withdrew 3 million USDC
A coordinated attack against Hyperliquid resulted in nearly 5 million dollars from the Hyperliquidity Provider (HLP) vault of the protocol, when an unknown trader burned 3 million dollars of capital to manipulate the POPCAT market and trigger liquidations.
The blockchain analysis company Lookonchain revealed on Thursday that it all started when the attacker withdrew 3 million USDC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.