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‘Peak Degen Warfare’: Attacker Wipes Out $3M Collateral to Inflict $4.9M Loss on Hyperliquid’s HLP Fund
A new, bizarre form of market attack has been identified on the Hyperliquid derivatives platform. Lookonchain reports that an attacker intentionally lost $3 million in collateral to inflict a $4.9 million loss on the Hyperliquidity Provider (HLP) fund via a POPCAT manipulation.
2025-11-13 18:00:00
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