Hyperliquid vault was attacked again to review: organized, premeditated and more scheming, if Binance releases relevant benefits, it may "kill the game directly"

PANews March 26th news, @ai_9684xtpa released Hyperliquid vault and was attacked again to review:

1. The 50-fold leverage giant whale on Hyperliquid previously used the Hyperliquid mechanism to "actively liquidate 160,000 ETH long positions" and withdraw 1.857 million US dollars in profits;

2. More scheming target selection: At that time, the target selected by the 50-fold leverage giant whale on Hyperliquid was ETH, but this time the target of the attacker was Memecoin $Jellyjelly, which had a N-fold depth difference, so price manipulation became much easier.

3. Open airdrop and set bait: Address 0xde9...f5c91 A short order of $JELLY was issued on Hyperliquid with a opening price of $0.0095 and a margin of $3.5 million USDC

4. Re-scheduling of active liquidation: Another address Hc8gN...WRcwq After the short order is opened, the spot price is reduced, causing the short order to have floating profit space. At the same time, the opening address has withdrawn 2.76 million USDC margin. The re-administration of the same technique has led to the liquidation of the position being taken over by the vault.

Turn to buy and hollow out the vault: The two waves of intensive buying at 21:01 and 21:45 further amplified the vault's floating losses until the huge amount was paid attention to by the market.

As long as jellyjelly does not fall, HLP retail investors will withdraw their investments. The more withdrawn the investment, the lower the liquidation price. It can be understood as "the one who runs early and runs late". Then HLP will run. In the end, there may be no need for jellyjelly to pull the vault. It is forced to close due to insufficient margin... However, HLP's TVL has dropped by about 20 million US dollars, and the short liquidation price has been reduced to $0.14. The last buying operation position that manipulates the coin price address. 1 hour ago, the address currently holds 124 million jellyjelly (valued at US$4.86 million), which is the top 1 position address on the chain. There is no more funds for buying at this address. This is also the main reason for the subsequent large fluctuations in the coin price. As Hyperliquid One of the main competitors, if Binance releases related benefits, such as online jellyjelly spot or other, it will directly kill the game.