An attacker manipulated POPCAT to attack the Hyperliquid platform, causing a loss of $4.9 million.
According to ChainCatcher, monitored by Lookonchain, an attacker launched an attack on the Hyperliquid platform by manipulating POPCAT, resulting in a personal loss of $3 million and causing Hyperliquid liquidity providers (HLP) to lose $4.9 million.
The attacker withdrew $3 million USDC from an exchange, distributed it to 19 wallets, and then deposited it into the Hyperliquid platform to open a long position of 125.14 million HYPE worth $26.28 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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