$ETH Hyperliquid faces a loss of $4M after a whale's 50X leveraged position in ETH crashed! The whale managed to exit with $17.09M USDC before the liquidation. Hyperliquid's HLP vault absorbed the loss, sparking rumors of possible manipulation. đ§
Hyperliquid assures that no hacking occurred, blaming the limits of the liquidation engine. To prevent future setbacks, they are increasing the leverage for BTC and ETH to 40X and 25X.
