For Hyperliquid

Best option: Reinforce the defenses after the last 50x user arbitraged

Moderate option: Close positions at market price and pay out this round of arbitragers from our own pockets

Worst option: Roll back at an ultra-low price

Even worse option: Sacrifice $HLP holders

Protecting user interests is the top priority

Fortunately, they did not choose the worst approach

However, from our perspective, rolling back is still not a good choice

The core spirit of decentralization is to take risks and accept losses

Not the tyranny of the majority

And certainly not the tyranny of the minority

In fact, the boundary between arbitragers and hackers is very blurred

But the boundary between arbitragers and smart money users is equally blurred

From a moral standpoint, everyone supports punishing hackers;

From a moral standpoint, everyone also agrees to reward smart money users;

In the presence of a whistleblower;

This arbitrager resembles the latter rather than the former.

Hope $HYPE is fine

Also hope to quickly reinforce the defenses after losing two sheep.