加密貨幣市場的不可預測性達到了超流動性，因為一隻以太坊鯨魚造成了400萬美元的損失

正如社區推測的內部人士一樣，新聞本身令人震驚。儘管如此，一些人仍推測，加密市場黑手黨正在接管，聲稱競爭的集中式交易所（CEX）可能會在此方面有所幫助。

A single Ethereum whale performed an operation that resulted in a $4 million loss for the famous decentralized perpetual exchange Hyperliquid. The crypto community is speculating about an insider, while others say that crypto market mafias are taking over. Some say that competing centralized exchanges (CEX) may have a hand in this. Let’s discuss this.

一條以太坊鯨進行了一項手術，導致著名的分散永久性交易過度流動性損失了400萬美元。加密社區正在猜測一個內部人士，而其他人則說，加密貨幣市場黑手黨正在接管。有人說，相互競爭的集中式交流（CEX）可能會帶來幫助。讓我們討論一下。

How did Hyperliquid lose $4M?

超流動性如何損失400萬美元？

The incident began with an Ethereum whale opening a long position on ETH, which was established to be worth $285 million, backed by only $14 million in collateral. In the trading market, these long or short positions have a liquidation level. If the market moves against the price position, they get closed forcefully on this point.

該事件始於一條以太坊鯨魚在ETH上開闢了長時間的位置，ETH的價值為2.85億美元，僅由1400萬美元的抵押品支持。在交易市場中，這些長或短職位具有清算水平。如果市場在價格位置上轉移，那麼他們在這一點上會有力地關閉。

Interestingly, the whale made smart decisions and strategically withdrew collateral over time. On-chain data reveals that the earlier liquidation level was $1,800, but the collateral pulling pushed it to $1,930.

有趣的是，隨著時間的流逝，鯨魚做出了明智的決定，並從戰略上撤出了抵押品。鏈上的數據表明，較早的清算水平為1,800美元，但附帶的拉力將其推向了1,930美元。

When the Ethereum price surged and hit this mark, the position got liquidated, transferring all the bad debt directly to Hyperliquid’s liquidity pool (HLP). More importantly, the platform had to bear all this loss while the Ethereum whale walked away unaffected.

當以太坊價格飆升並達到這一分數時，該職位被清算，將所有壞賬直接轉移到了超級流動性的流動性池（HLP）。更重要的是，該平台必須承受所有這些損失，而以太坊鯨魚不受影響。

Hyperliquid Insider Attack or Bigger Conspiracy at Play?

超流動的內部攻擊還是更大的陰謀？

The incident has sparked speculation, where some initially attributed insider or North Korean hackers to this activity. However, Hyperliquid team’s announcement has ruled out that possibility, as they said:

該事件引發了人們的猜測，其中一些最初將內幕或朝鮮黑客歸因於這項活動。但是，超流動團隊的宣布排除了這種可能性，正如他們所說的那樣：

“To be clear: There was no protocol exploit or hack.”

“要明確：沒有協議利用或黑客。”

The platform explained that the whale had unrealized profit, whose withdrawal resulted in the lowered margin and the liquidation. Interestingly, despite the $4 million loss, the team revealed that HPL’s all-time remains at $60 million before warning that it is not a risk-free strategy.

該平台解釋說，鯨魚的利潤未實現，其撤離導致利潤率下降和清算。有趣的是，儘管虧損了400萬美元，但該團隊透露，HPL的歷史記錄仍為6000萬美元，然後警告說這不是無風險的策略。

As the hack or insider speculation is out of the picture, the focus has shifted to centralized exchanges. Some experts allegedly claimed this mega whale liquidation could be a CEX attack to undermine Hyperliquid as it’s their competitor.

由於黑客或內部人士的推測不在圖片中，重點已轉移到集中式交流。據稱，一些專家聲稱，這種大鯨清算可能是CEX攻擊，以破壞其競爭對手，因為這是他們的競爭對手。

One blames Binance and its former CEO Changpeng Zhao, claiming they acquired intel with Chinese logs. More importantly, they connected it to the CZ vs SBF mishap, arguing that the community may see a similar CEX Vs. DEX fight. Another added that this smells of 2021, which led to the Sam Bankman and FTX’s downfall.

一個人歸咎於Binance及其前首席執行官Changpeng Zhao，聲稱他們用中國原木收購了英特爾。更重要的是，他們將其連接到CZ與SBF事故，認為社區可能會看到類似的CEX與S. Dex戰鬥。另一個補充說，這種氣味是2021年，這導致了山姆·班克曼（Sam Bankman）和FTX的失敗。

Experts believe HPL’s struggles could impact its image and investors’ confidence. More importantly, decentralized exchange’s downfall could benefit the centralized crypto platform. However, this is just a speculation and doesn’t have any proof or basis.

專家認為，HPL的鬥爭可能會影響其形象和投資者的信心。更重要的是，分散的交易所的失敗可能使集中的加密平台受益。但是，這只是一個猜測，沒有任何證據或基礎。

What This Means for HYPE Price and the Crypto Market?

這對炒作價格和加密市場意味著什麼？

This event has exposed a potential vulnerability in Hyperliquid’s risk management system. Investors’ concern, as this reveals that people can withdraw their collateral even in the active trade.

該事件暴露了超流動性風險管理系統中的潛在脆弱性。投資者的關注，因為這表明人們即使在積極的貿易中也可以撤回其抵押品。

This event has also significantly affected the HYPE price, as it crashed 8% after this news. Although it has recovered somewhat from the dip of $12.75, currently trading at $13.45, the risk of a crash further persists as the investors’ sentiments turn fearful.

這項事件也極大地影響了炒作價格，因為它在此消息後崩潰了8％。儘管它已經從12.75美元的下跌中恢復了一定的收益，目前以13.45美元的價格交易，但由於投資者的情緒令人恐懼，墜機的風險仍在繼續。

It also impacts the platform’s images and experts’ concerns that this CEX Vs. DEX battle will get nasty, affecting the entire market, especially by breaking investors’ trust in decentralized platforms.

這也影響了平台的圖像和專家對此CEX VS的擔憂。 Dex Battle將變得討厭，影響整個市場，尤其是通過破壞投資者對分散平台的信任。

Frequently Asked Questions (FAQs)

常見問題（常見問題解答）

1. How did Hyperliquid lose $4M?

1。超流體如何損失400萬美元？

2. Was Hyperliquid hacked or exploited?

2。被黑客入侵還是被剝削？

3. What’s the alleged speculation about centralized exchanges behind this attack?

3。關於這次襲擊背後的集中交流的據稱猜測是什麼？