Hyperliquid responds to the "50x leverage whale" ETH long clearing event: protocol has no vulnerabilities, BTC and ETH leverage limits will be adjusted

According to BlockBeats, on March 12th, Hyperliquid posted on social media stating that "regarding the issue of the 'Hyperliquid 50x Leveraged Whale' (0xf3f4 user) ETH long position: First of all, it is clear that there have been no protocol vulnerabilities or hacker attacks. The user held unrealized profit and loss (PNL) and made a withdrawal, resulting in a decrease in margin and subsequent liquidation. In the end, the user made a profit of approximately $1.8 million, while HLP lost approximately $4 million in the past 24 hours. At present, HLP's historical cumulative PNL remains at approximately 60 million US dollars. Please note that HLP is not a risk-free strategy. In order to increase the maintenance margin requirements for large positions, we will adjust the maximum leverage of BTC and ETH to 40 times and 25 times, respectively. This will provide a better buffer for the rollback liquidation of large positions