BlockBeats News, April 9th, according to PeckShield monitoring, an attacker used 4 wallets to establish a $Fartcoin long position worth $15 million on Hyperliquid (a total of 1.4524 billion tokens), and then proactively triggered a “suicidal” liquidation in a low-liquidity environment, forcing the ADL (Auto-Deleveraging) mechanism to kick in. The HLP liquidity pool was forced to take on toxic assets, resulting in bad debt and approximately $3 million in accounting losses. HLP lost about $1.5 million in the past 24 hours.
PeckShield pointed out that the attacker most likely pre-positioned through cross-domain hedging, and the actual net profit may far exceed the accounting loss figure.
