Anonymous trader sacrifices $3M to trigger $5M loss in Hyperliquid vault.
$26M POPCAT positions and fake $20M buy wall were used to manipulate market.
An anonymous trader intentionally tore down $3 million of his own account to cause a $5 million damage to the vault of Hyperliquid by using complex market manipulation tactics. The attacker took out the money from the OKX exchange and then spread it to 19 different wallets before carrying out their coordinated attack on the platform.
Orchestrated Manipulation Drains Protocol Vault
The blockchain intelligence company Lookonchain has analyzed the path of the funds which the offender used to create huge positions of more than $26 million in POPCAT perpetual contracts. The trader made an artificial $20 million buy wall that was located near the $0.21 price level to give the impressi
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