#HYPE is facing price declines following rumours of a malicious actor siphoning funds from the pool and taking advantage of the liquidation process.
While decentralised finance offers incredible opportunities, the actions of a single individual can lead to significant losses as investors pull their capital.
Let's hope Hyperliquid can enhance their security measures to prevent such incidents in the future.
While decentralised finance offers incredible opportunities, the actions of a single individual can lead to significant losses as investors pull their capital.
Let's hope Hyperliquid can enhance their security measures to prevent such incidents in the future.
Note
Hyperliquid:"To be clear: There was no protocol exploit or hack....
HLP all time PNL at ~ $60M. HLP is not a risk free strategy.
...
Max leverage will be updated for BTC and ETH to 40X and 25X, respectively to increase maintenance margin requirements for larger positions. This will provide a better buffer for backstop liquidations of larger positions."
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.