US EditionAlleged POPCAT Manipulation Hits Hyperliquid with $4.9M Loss: Blockchain Analyst
22 Articles
22 Articles
HYPE Price Analysis: Can the Bounce Hold After a Sharp Intraday Drop? News ETHNews
Hyperliquid’s HYPE token is trading around $39, showing a mild 1.7% 24-hour recovery, even as the broader market faces pressure from cascading liquidations and macro-driven volatility. While HYPE has moved slightly higher today, the intraday chart reveals meaningful weakness beneath the surface, and traders are watching closely to see whether the recent bounce is sustainable. HYPE Shows Early Strength Despite Market Turbulence Unlike many top al…
Hyperliquid HLP Vault Attack: $4.9M Loss from POPCAT Manipulation
Hyperliquid, a leading decentralized perpetuals exchange built on Arbitrum, suffered a coordinated market manipulation attack targeting its community-owned Hyperliquidity Provider (HLP) vault. The incident, which unfolded over several hours, resulted in approximately $4.9 million in bad debt for the HLP vault, equivalent to about three months of its prior profits. This marks the third such […] The post Hyperliquid HLP Vault Attack: $4.9M Loss fr…
Hyperliquid imposes itself as the flagship platform of the booming sector of decentralized perpetual contracts. A position that visibly exposes it to malicious acts, as in the recent case of manipulation of POPCAT token originating from an uncollectible debt of $4.9 million. The article Manipulation of POPCAT token on Hyperliquid - $4.9 million in losses appeared first on Cryptoast.
Binance Accused of Coordinated POPCAT Market Attack on Hyperliquid
Early yesterday (November 12), a coordinated attack on Hyperliquid resulted in nearly $5M being wiped out from the protocol’s Hyperliquidity Provider (HLP) vault. An anonymous trader used $3M in capital to manipulate the POPCAT market, triggering cascading liquidations. Binance and its founder, CZ, were quickly accused of being behind the attack, with CZ quickly moving to distance himself from the situation, stating, “I have not used any other C…
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