Damn! Someone is trying that 50x leverage trick on Hyperliquid again!

Last time, the strategy of pulling margin and letting the platform take the hit has now truly become a textbook example 😂

This time it's even more ruthless—one guy directly dumped 398 million $JELLY shorts (worth over 4 million dollars) onto Hyperliquid, and the platform is already down 10 million dollars!

Binance official chat room: 币安王牌KOL聊天室，点击进群

Full record of the operation:

1. Baiting the hook (20:53)

- Address 0xde9...c91 dumped 3.5 million USDC as margin

- Opened a short position of 430 million $JELLY (price at that time $0.0095)

2. Suddenly pulling the ladder (21:03)

- Closed 30 million $JELLY (recouped 310,000 dollars)

- Immediately withdrew 2.76 million margin!

- The remaining 398 million shorts directly got liquidated, Hyperliquid was forced to take over at $0.0113

3. Textbook-level harvesting

- $JELLY instantly surged from $0.01 to $0.04 (you get it, you really get it)

- Now the platform's shorts are facing an unrealized loss of 10 million dollars...

This wave, this wave is a precise demolition:

1. Deliberately pulling margin to let the platform take over

2. Turning around to push up on CEX

3. Watching Hyperliquid take a loss at the high

Binance official chat room: 币安王牌KOL聊天室，点击进群

Involved addresses:

- Instigator: 0xde959...5c91

- Liquidation taker (Hyperliquid liquidation address): 0x2e3d9...d14

(Advised Hyperliquid to change the rules overnight, or they'll eventually get wiped out 😂)