【XLP One Minute Robbery of 46.1 Million Dollars, The Largest Liquidation Wave in History】

In the early hours of the 27th, the Hyperliquid platform staged a thrilling "Hunting Game":

In just one minute, the XLP price surged by 200%, and short sellers were instantly liquidated, with the attacker pocketing 46.1 million dollars.

This unprecedented liquidation storm not only left countless traders with nothing but losses but also forced the market to confront price manipulation and risk control loopholes in DeFi once again.

Let's take a detailed look at the events that unfolded:

1. Brief Summary of the XLP Incident

· Incident Time: August 26-27, 2025

· Platform: Hyperliquid

· Core Token: $XPL (Highly Volatile DeFi Token)

· Nature: Typical Price Manipulation + Large-Scale Liquidation Event

2. Event Progress

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3. Parties Involved

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4. Financial Outcome

· Liquidation Loss: Over 2 million dollars in long positions were liquidated.

· Attacker's Profit: Approximately 46.1 million dollars.

· Scale: One of the largest liquidation events in Hyperliquid's history.