The DEX said all user funds are fully solvent and verifiable, urging critics to run a node and check balances directly on the blockchain. Hyperliquid has strongly denied claims that its protocol lacks enough collateral, stating that its on-chain assets are over $4.3 billion and that all user funds are...
HYPE Sinks 8.5% as Whale Liquidation Causes $4M Hyperliquid Vault Loss
Hyperliquid’s HLP vault faced a $4M loss after a whale’s massive ETH position was liquidated, prompting new leverage limits to curb risks. A massive liquidation event involving a whale’s $340 million ETH position has sent shockwaves through Hyperliquid, resulting in an 8.5% price drop for its native HYPE token. The...
