The "Insider Big Brother" really messed up HYPE with this operation...
The scale of his opening position was outrageous, leaving the HYPE treasury forced to liquidate, and when he withdrew his funds, the market collapsed directly, causing the HYPE treasury to be "liquidated," with losses exceeding 3 million dollars. Meanwhile, the big brother himself made a quick profit, pocketing 2 million dollars and escaping unscathed.
What's even more outrageous is that this incident blew up so much that HYPE has now changed the rules; no more 50x leverage in the future! It seems Big Brother won't be able to pull off such ruthless operations anymore. From now on, let's call him Bug Brother. 😂