Events

A sophisticated manipulation scheme involving the POPCAT token led to a nearly $5 million loss for Hyperliquid's vault, highlighting vulnerabilities in decentralized exchanges. Anonymous traders used complex strategies to mislead the market, raising concerns about systemic risks in such trading environments.

Hyperliquid paused transactions after a trader manipulated the price of memecoin POPCAT, causing widespread liquidations and market unease, with a surge in trading volume and significant financial losses.