{"id":21992,"date":"2025-03-12T17:26:00","date_gmt":"2025-03-12T15:26:00","guid":{"rendered":"https:\/\/forklog.com\/en\/experts-suspect-whale-activity-as-potential-attack-on-hyperliquid\/"},"modified":"2025-03-12T17:26:00","modified_gmt":"2025-03-12T15:26:00","slug":"experts-suspect-whale-activity-as-potential-attack-on-hyperliquid","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/experts-suspect-whale-activity-as-potential-attack-on-hyperliquid\/","title":{"rendered":"Experts Suspect Whale Activity as Potential Attack on Hyperliquid"},"content":{"rendered":"<p>Experts at EmberCN have identified unusual whale behavior on Hyperliquid, which may suggest a test of the perpetual derivatives DEX&#8217;s liquidation mechanism.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">In the past 24 hours, Hyperliquid&#8217;s HLP Vault has lost over $4 million, and the losses are still growing. <\/p>\n<p>According to <a href=\"https:\/\/twitter.com\/EmberCN?ref_src=twsrc%5Etfw\">@EmberCN<\/a>, a whale opened a long position of 175,000 ETH (valued at approximately $340 million) with high leverage, achieving a floating profit of $8 million.\u2026 <a href=\"https:\/\/t.co\/u1oWrNo3F7\">https:\/\/t.co\/u1oWrNo3F7<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1899764886688973307?ref_src=twsrc%5Etfw\">March 12, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to analysts, a major participant opened a long position of 175,000 ETH (~$340 million) with high leverage. At one point, their unrealized profit reached $8 million.  <\/p>\n<p>After closing 15,000 ETH, the whale transferred 17.09 million USDC as margin back to their address. Such actions led to a breach of the collateral adequacy parameter. Consequently, the platform liquidated the remaining 160,000 ETH in the long position.<\/p>\n<p>Following the liquidation, the HLP (Hyperliquidity Provider) vault absorbs the losses to avoid exerting excessive immediate influence on the asset&#8217;s price. It then gradually closes the position. This particular case affected only 1% of assets, yet at one point the floating loss exceeded $4 million.<\/p>\n<p>Platform representatives urged not to view the situation as a protocol vulnerability or hacking incident. They noted that Hyperliquid&#8217;s historical profit of $60 million far exceeds the losses.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Regarding commentary and questions on the 0xf3f4 user&#8217;s ETH long:<\/p>\n<p>To be clear: There was no protocol exploit or hack. <\/p>\n<p>This user had unrealized PNL, withdrew, which lowered their margin, and was liquidated. They ended with ~$1.8M in PNL. HLP lost ~$4M over the past 24h. HLP&#8217;s\u2026<\/p>\n<p>\u2014 Hyperliquid (@HyperliquidX) <a href=\"https:\/\/twitter.com\/HyperliquidX\/status\/1899768864705237211?ref_src=twsrc%5Etfw\">March 12, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Following the incident review, developers decided to adjust the maximum available leverage for Bitcoin and Ethereum contract traders to 40x and 25x, respectively. This will provide a better buffer for liquidating large positions, the team clarified.<\/p>\n<p>In February, Hyper Foundation<a href=\"https:\/\/u1f987.com\/en\/news\/hyperliquid-team-launches-hyperevm\"> launched<\/a> the HyperEVM execution environment to ensure &#8220;universal programmability.&#8221;<\/p>\n<p>Hyperliquid is a <span data-descr=\"Layer 1 blockchain\" class=\"old_tooltip\">L1<\/span> with a native DEX module. The network employs a modified version of the Proof-of-Stake consensus algorithm called HyperBFT, with a throughput of 200,000 <span data-descr=\"transactions per second\" class=\"old_tooltip\">TPS<\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Experts at EmberCN have identified unusual whale behavior on Hyperliquid, which may suggest a test of the perpetual derivatives DEX&#8217;s liquidation mechanism. In the past 24 hours, Hyperliquid&#8217;s HLP Vault has lost over $4 million, and the losses are still growing. According to @EmberCN, a whale opened a long position of 175,000 ETH (valued at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,787],"class_list":["post-21992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-dex"],"aioseo_notices":[],"amp_enabled":true,"views":"47","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=21992"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21992\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/21991"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=21992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=21992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=21992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}