Yesterday, the attacker of #HYPE ultimately lost 1 million USD. Let's see how he lost money ~
01/ A trader deposited 7.167 million USD into 3 different #Hyperliquid accounts within 5 minutes. Then, he leveraged traded on a low liquidity token #JELLYJELLY.
✅ Two of his accounts established long positions on #jellyjelly :
0x20e8fD36dcdEF8DfbB983B0bc06c658105b9a808 [Profit: 900,000 USD]
0x67fe6F372c2Bd7ce0AA660144568F80A7cD85CA2 [Loss: 167,000 USD]
✅ Meanwhile, one of the accounts established a short position of 4.1 million USD in an attempt to hedge these positions:
0xde9593Fe5cDC5Cb0917f5d5618A111F1174f5c91 [Loss: 767,000 USD]
In this way, he was able to use leverage to attempt to withdraw funds from Hyperliquid.