The abstract is generated by AI## Hyperliquid Under Siege: The Mysterious $5 Million Attack and Unanswered Questions
A few weeks ago, the most advanced decentralized perpetual trading platform in the industry faced what many immediately called a "suicide attack." A malicious actor orchestrated a maneuver that apparently cost them $3 million, but which inflicted double losses on the protocol's HLP vault: $5 million vanished. At first glance, a total defeat for the attacker. Yet, behind this simplistic narrative lies a much more complex and unsettling dynamic.
## The True Puzzle: Was It Really an Attack?
Analyzing the mechani
View OriginalA few weeks ago, the most advanced decentralized perpetual trading platform in the industry faced what many immediately called a "suicide attack." A malicious actor orchestrated a maneuver that apparently cost them $3 million, but which inflicted double losses on the protocol's HLP vault: $5 million vanished. At first glance, a total defeat for the attacker. Yet, behind this simplistic narrative lies a much more complex and unsettling dynamic.
## The True Puzzle: Was It Really an Attack?
Analyzing the mechani
