This article is machine translated
Show original
Who is killing #Hyperliquid? 💀
🔍Reviewing the attack on Hyperliquid's vault - an organized, premeditated, and clever attack!
📜Event review: Previously, the 50x contract big shot used Hyperliquid's mechanism to "actively liquidate 160,000 ETH long positions" and extracted $1.857 million in profits;
🎯More precise attack target: This time, the attacker chose coins with higher price volatility

Current situation analysis
As long as the price of jellyjelly does not fall, retail investors of HLP will withdraw their funds one after another. The more they withdraw, the lower the liquidation price will be. This can be understood as "those who run early will benefit from those who run late." Subsequently, HLP will face a run, and eventually it may not need much funds from jellyjelly, and it will be forced to close its position due to insufficient margin.
Currently, the total locked value (TVL) of HLP has dropped by about 2000

Hyperliquid responded


From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share



