Hyperliquid HLP Vault Attack: $4.9M Loss from POPCAT Manipulation

Hyperliquid, a leading decentralized perpetuals exchange built on Arbitrum, suffered a coordinated market manipulation attack targeting its community-owned Hyperliquidity Provider (HLP) vault. The incident, which unfolded over several hours, resulted in approximately $4.9 million in bad debt for the HLP vault, equivalent to about three months of its prior profits. This marks the third such

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