🚨 Million-Dollar Face-Plant: Trader’s Epic Fail 🤦‍♂️

by

So, you know who the real MVP is? The genius who just blew almost $1 million trying to game the system on Hyperliquid. I mean, what could possibly go wrong, right? 🤷‍♂️

Here’s the play-by-play: this brain trust creates three accounts in the blink of an eye, throws around massive long and short positions on some joke coin called JELLY (because, why not?), hoping to exploit the liquidation system. Yeah, because that’s never been tried before… 🙄

Hyperliquid just got “exploited” (read: some guy got outsmarted by himself). The deets:

Guy deposits $7.167M across 3 accounts in 5 minutes. Because subtle.

Makes leveraged trades on JELLY (seriously, who comes up with this stuff?).

Loses money. A lot of it. Unless… (spoiler alert: there is no unless) 🤑

— Arkham (@arkham) March 26, 2025

So, our hero tries to pull out the collateral before Hyperliquid catches on, but then JELLY’s price skyrockets (400%?! someone’s having a laugh). The trader’s short position? Closed out. With a $4 million price tag. Ouch. 🤑

Here’s where it gets good: Hyperliquid restricts the accounts, forcing our friend to sell, sell, sell to recover funds. And the cherry on top? They freeze and delist JELLY, ensuring the trader’s losses are nicely preserved. Like a digital fossil of failure. 🦖

The aftermath? The trader managed to scrape out $6.26 million, but at least $1 million is still stuck. If they can’t get it out, well… let’s just say they won’t be buying any yachts anytime soon. Unless they have a really understanding landlord who accepts “almost a million bucks” as a valid excuse for not paying rent. 🏠

And because one face-plant isn’t enough, this is the second time this month Hyperliquid’s been on the receiving end of some genius’s harebrained scheme. Last time, some whale intentionally liquidated a $200 million Ether position, costing HLP $4 million. Because why not, right? It’s not like it’s real money or anything… 🤑

Read More

2025-03-27 08:21