PANews reported on September 25th that according to EmberCN monitoring, a Hyperliquid user lost $35.84 million on a long ETH position and then turned to a short BTC position, losing $7.5 million, bringing their total losses to $44 million. The user subsequently emptied their Hyperliquiquid wallet and transferred the remaining $450,000 after the midday liquidation to the Crypto.com exchange, presumably signaling a withdrawal from trading.