NiftyNoon: What Happened with the Hyperliquid ETH Heist? 💧🧮📉
The Hyperliquid HLP vault suffered a $4 million loss following the savvy maneuverings a whale trader that capitalized on the opportunity (March 13, 2025)
Nifty Thought:
The Hyperliquid HLP vault suffered a $4 million loss following the savvy maneuverings a whale trader that capitalized on the opportunity. This whale longed ETH with $10 million and used leveraged to turn it into a $271 million position. To exit the position, rather than market selling ETH (which would have lowered the asset’s price and hurt the whale’s core position), the whale instead withdrew enough collateral to force Hyperliquid to liquidate the position with the product’s liquidity vault (HLP) taking over the long position. This allowed the whale to exit the trade cleanly. Following this and knowing HLP would then need to sell ETH to exit the position, it is speculated the whale opened a short position on another platform. While Hyperliquid states this was not an exploit, the protocol has made changes to help prevent something like this from happening again including lowering max leverage and raising margin requirements for large positions.
Highlighted News:
💧 Hyperliquid shares info regarding commentary and questions on the 0xf3f4 user's ETH long:
https://x.com/HyperliquidX/status/1899768864705237211?s=19
📉 One trader VS. Hyperliquid’s HLP vault. $4M gone. No bug. No exploit. Just a brutal game of liquidity mechanics:
https://x.com/threesigmaxyz/status/1899798137000145067
🧙♂️ Quest 5 Revealed - How to Secure a Taproot Wizard WL:
https://x.com/taprootwizards/status/1899885885359059306?s=46
🔶 @binance announce the first-ever institutional investment in Binance by
@mgx_ai:
https://x.com/binance/status/1899830484911194206?s=46
Project and Community News:
February CPI inflation FALLS to 2.8%, below expectations of 2.9%: https://x.com/kobeissiletter/status/1899800273775657058?s=46
Rumors that @SECGov vs. @Ripple case is in the process of wrapping up and could be over soon: https://x.com/EleanorTerrett/status/1899852341374779587
Hyperliquid the perp dex layer one the story so far: https://x.com/hedgewaterdao/status/1899564285195698509?s=46
Bank of Russia to allow limited crypto purchases for investors: https://x.com/WatcherGuru/status/1899803844269527380
Binance is enabling USDC on the $HBAR network within a few days according to reports: https://x.com/oroogle/status/1899988900984099291
Ripple has secured regulatory approval from the Dubai Financial Services Authority (DFSA): https://x.com/Ripple/status/1900049647239934345
Both alien NodeMonkes bought 2 days ago for 0.6 BTC have been flipped: https://x.com/Satflow_/status/1899975051967160690
EURC, @circle's euro stablecoin, is now on Aave's @base market: https://x.com/aave/status/1899812484099322171?s=46
Three chains with TVL over $100m have grown TVL in the past 7 days: https://x.com/DefiLlama/status/1899894409858343130
Here's a quick little "Collective All Hands" on everything happening inside the
@Optimism ecosystem: https://x.com/Fwiz/status/1899479982059237862
Rumble Announces Purchases of $17.1 Million in Bitcoin in Accordance with Previously Announced Bitcoin Treasury Strategy: https://x.com/rumblevideo/status/1899808827509190875?s=46
@SuperRare x RARE DAO are investing $2.5M into Transient Labs: https://x.com/TransientLabs/status/1899841282828009821
Some tokens you can stake NOW and earn Nansen Points: https://x.com/asvanevik/status/1900007488852025493?s=46
@ethos_network making a change to the credibility score today, particularly around "invitation source credibility": https://x.com/ethos_network/status/1899874916008144922
TLDR of Sam's royalty structure: https://x.com/resaang/status/1899224731292680462?s=46
U.S. Secretary of Commerce Howrd Litnick's Cantor Fitzgerald launches Bitcoin backed lending for institutions: https://x.com/SimplyBitcoinTV/status/1899818296691618151
A user on @Uniswap v3 was just sandwiched attacked out of $216k while simply trying to swap $221k USDC to USDT: https://x.com/JustDeauIt/status/1899869531511660688
Quick Stats:
👾 Blur ETH Daily Volume: 810 ETH (▼ 51.74%)
🌊 OpenSea ETH Daily Volume: 1,008 ETH (▼ 8.11%)
🟠 BTC : $82,444.08 (▼ 1.83%)
🔷 ETH: $1,894.51 (▼ 1.79%)
🟣 Solana: $126.14 (▼ 2.36%)
🟪 Polygon: $0.22 (▼ 2.87%)
Top NFT Sales:
CryptoPunks #6746: 51.50 ETH
CryptoPunks #9062: 40.00 ETH
CryptoPunks #1501: 40.00 ETH
NFT Daily Winners:
🐵 NodeMonkes: 0.04 BTC (▲ 13.12%)
🧦 Bitcoin Puppets: 0.04 BTC (▲ 6.77%)
🍭 Mocaverse: 1.93 ETH (▲ 6.63%)
💼 Ordinal Maxi Biz: 0.03 BTC (▲ 4.01%)
👾 Tensorians: 3.80 SOL (▲ 3.82%)
🏴☠ Captainz: 0.75 ETH (▲ 3.31%)
😡 Mad Lads: 48.97 SOL (▲ 0.80%)
🦧 Bored Ape Yacht Club: 12.97 ETH (▲ 0.26%)
NFT Daily Losers:
👩🏻 Milady Maker: 3.23 ETH (▼ 0.28%)
🚬 CryptoPunks: 37.79 ETH (▼ 0.55%)
🐧 Pudgy Penguins: 9.00 ETH (▼ 2.06%)
🏳🌈 Chromie Squiggles: 3.78 ETH (▼ 3.08%)
⛩ Azuki: 2.25 ETH (▼ 3.61%)
🐱 Quantum Cats: 0.12 BTC (▼ 13.57%)
Notes:
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