Hyperliquid responds to Whale ETH multi order clearing: no protocol vulnerabilities, HLP loses about $4 million in 24 hours

星球日报|Mar 12, 2025 10:33
Odaily Planet Daily News: In response to the market's discussion on the clearing of multiple ETH orders by user 0xf3f4, Hyperliquid officials stated today that this incident was not a protocol vulnerability or hacker attack, but rather a result of the user withdrawing unrealized profits (PNL), which led to a decrease in margin and triggered clearing.
Hyperliquid stated that the user ultimately made a profit of $1.8 million, but HLP (Hyperliquid Liquidity Pool) lost approximately $4 million in the past 24 hours. Despite this, HLP's historical cumulative PNL remains at around $60 million.
In addition, Hyperliquid announced that it will adjust leverage restrictions to optimize clearing management:
BTC's maximum leverage adjusted to 40 times
ETH maximum leverage adjusted to 25 times
Increase the maintenance margin requirements for large positions and enhance the market buffering capacity during large-scale liquidation.
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