Hyperliquid: No protocol vulnerability or hacking, the maximum leverage of BTC and ETH will be updated to 40x and 25x respectively

PANews March 12th news, Hyperliquid posted on the X platform: "Comments and questions about the long positions of Ethereum for 0xf3f4 users, hereby clarify that no protocol exploitation or hacking has occurred. The user has unrealized profit and loss (PNL), and subsequently withdrawn, resulting in a decrease in margin and the final position was forced to close. Its final profit and loss was approximately US$1.8 million. In the past 24 hours, HLP lost about US$4 million. HLP's historical total profit and loss remains at approximately US$60 million. It should be noted that HLP is not a risk-free strategy. We will update the maximum leverage of Bitcoin and Ethereum to 40 times and 25 times respectively to increase the maintenance margin requirements for large positions. This will provide a better buffer for the backup forced liquidation of large positions."