PANews reported on April 9th that, according to PAShield monitoring, HLP lost approximately $1.5 million in the past 24 hours. The attackers established a total of $15 million worth of long FARTCOIN positions (145.24 million tokens) across four wallets. In a low-liquidity environment, the attackers triggered a "suicidal" liquidation, forcing the ADL mechanism to activate. HLP was forced to absorb the bad positions and the resulting bad debts. The paper loss is $3 million, but a substantial net profit may be realized through cross-exchange hedging.
PyShield: Hyperliquid HLP suffers approximately $1.5 million loss as attackers exploit low liquidity to trigger a suicide liquidation.
Share to:
Author: PA一线
This content is for market information only and is not investment advice.
Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
PANews App
24/7 blockchain news tracking and in-depth analysis.

