Hyperliquid: There are no protocol vulnerabilities or hacker attacks, and the maximum leverage for BTC and ETH will be updated to 40 times and 25 times, respectively

PANews|Mar 12, 2025 10:31
Hyperliquid posted on the X platform, stating: "Regarding the comments and questions about the 0xf3f4 user's Ethereum long position, we hereby clarify that there has been no protocol vulnerability exploitation or hacker attack. The user had unrealized profit and loss (PNL), and subsequently withdrew, resulting in a decrease in their margin and ultimately the position being forcibly closed. Its final profit and loss is approximately 1.8 million US dollars. HLP has lost approximately $4 million in the past 24 hours. HLP's historical total profit and loss remains at approximately $60 million. It should be noted that HLP is not a risk-free strategy. We will update the maximum leverage of Bitcoin and Ethereum to 40 times and 25 times respectively to increase the maintenance margin requirements for large positions. This will provide a better buffer for reserve forced liquidation of large positions
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