TechFlow News: On April 9, on-chain analyst PeckShield (@PeckShieldAlert) reported that an attacker established a $15 million long position in $Fartcoin (totaling 145.24 million tokens) on Hyperliquid using four wallets. Subsequently, the attacker deliberately triggered a “suicidal” liquidation under low-liquidity conditions, forcing activation of the ADL (Automatic Deleveraging) mechanism. As a result, the HLP liquidity pool was compelled to absorb toxic assets, generating bad debt and incurring approximately $3 million in paper losses. Within the past 24 hours, the HLP has lost roughly $1.5 million. PeckShield noted that the attacker likely executed cross-market hedging in advance, meaning the actual net profit may significantly exceed the reported paper loss.
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