tldr; Attackers manipulated Hyperliquid’s low-liquidity FARTCOIN perpetual market by building a roughly $15M leveraged long across four wallets, pumping the price 20–27%, then letting it crash. The reversal triggered liquidations and Hyperliquid’s auto-deleveraging system, forcing the HLP vault to absorb toxic positions. HLP suffered about $1.5M in realized losses over 24 hours, with on-paper losses near $3M, exposing risks in ADL design for thin meme-coin perp markets.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Mammoth_Cover_3392 on
one move and things can spiral quickly
defiCosmos on
Oooooooof
goldenbuyer02 on
Underliquid
shadowmage666 on
Hyper liquid seems like it’s always tied to some terrible event like the whole market crash last year. Probably better off not using it
baIIern on
After fart comes turd
420osrs on
What’s next, diarrhea coin?
Because if it’s a liquid, it’s no longer a fart.
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tldr; Attackers manipulated Hyperliquid’s low-liquidity FARTCOIN perpetual market by building a roughly $15M leveraged long across four wallets, pumping the price 20–27%, then letting it crash. The reversal triggered liquidations and Hyperliquid’s auto-deleveraging system, forcing the HLP vault to absorb toxic positions. HLP suffered about $1.5M in realized losses over 24 hours, with on-paper losses near $3M, exposing risks in ADL design for thin meme-coin perp markets.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
one move and things can spiral quickly
Oooooooof
Underliquid
Hyper liquid seems like it’s always tied to some terrible event like the whole market crash last year. Probably better off not using it
After fart comes turd
What’s next, diarrhea coin?
Because if it’s a liquid, it’s no longer a fart.