加密货币市场的不可预测性达到了超流动性，因为一只以太坊鲸鱼造成了400万美元的损失

正如社区推测的内部人士一样，新闻本身令人震惊。尽管如此，一些人仍推测，加密市场黑手党正在接管，声称竞争的集中式交易所（CEX）可能会在此方面有所帮助。

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.

一条以太坊鲸进行了一项手术，导致著名的分散永久性交易过度流动性损失了400万美元。加密社区正在猜测一个内部人士，而其他人则说，加密货币市场黑手党正在接管。有人说，相互竞争的集中式交流（CEX）可能会带来帮助。让我们讨论一下。

How did Hyperliquid lose $4M?

超流动性如何损失400万美元？

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.

该事件始于一条以太坊鲸鱼在ETH上开辟了长时间的位置，ETH的价值为2.85亿美元，仅由1400万美元的抵押品支持。在交易市场中，这些长或短职位具有清算水平。如果市场在价格位置上转移，那么他们在这一点上会有力地关闭。

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，随着时间的流逝，鲸鱼做出了明智的决定，并从战略上撤出了抵押品。链上的数据表明，较早的清算水平为1,800美元，但附带的拉力将其推向了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.

当以太坊价格飙升并达到这一分数时，该职位被清算，将所有坏账直接转移到了超级流动性的流动性池（HLP）。更重要的是，该平台必须承受所有这些损失，而以太坊鲸鱼不受影响。

Hyperliquid Insider Attack or Bigger Conspiracy at Play?

超流动的内部攻击还是更大的阴谋？

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:

该事件引发了人们的猜测，其中一些最初将内幕或朝鲜黑客归因于这项活动。但是，超流动团队的宣布排除了这种可能性，正如他们所说的那样：

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

“要明确：没有协议利用或黑客。”

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.

该平台解释说，鲸鱼的利润未实现，其撤离导致利润率下降和清算。有趣的是，尽管亏损了400万美元，但该团队透露，HPL的历史记录仍为6000万美元，然后警告说这不是无风险的策略。

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.

由于黑客或内部人士的推测不在图片中，重点已转移到集中式交流。据称，一些专家声称，这种大鲸清算可能是CEX攻击，以破坏其竞争对手，因为这是他们的竞争对手。

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.

一个人归咎于Binance及其前首席执行官Changpeng Zhao，声称他们用中国原木收购了英特尔。更重要的是，他们将其连接到CZ与SBF事故，认为社区可能会看到类似的CEX与S. Dex战斗。另一个补充说，这种气味是2021年，这导致了山姆·班克曼（Sam Bankman）和FTX的失败。

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.

专家认为，HPL的斗争可能会影响其形象和投资者的信心。更重要的是，分散的交易所的失败可能使集中的加密平台受益。但是，这只是一个猜测，没有任何证据或基础。

What This Means for HYPE Price and the Crypto Market?

这对炒作价格和加密市场意味着什么？

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.

该事件暴露了超流动性风险管理系统中的潜在脆弱性。投资者的关注，因为这表明人们即使在积极的贸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.

这项事件也极大地影响了炒作价格，因为它在此消息后崩溃了8％。尽管它已经从12.75美元的下跌中恢复了一定的收益，目前以13.45美元的价格交易，但由于投资者的情绪令人恐惧，坠机的风险仍在继续。

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.

这也影响了平台的图像和专家对此CEX VS的担忧。 Dex Battle将变得讨厌，影响整个市场，尤其是通过破坏投资者对分散平台的信任。

Frequently Asked Questions (FAQs)

常见问题（常见问题解答）

1. How did Hyperliquid lose $4M?

1。超流体如何损失400万美元？

2. Was Hyperliquid hacked or exploited?

2。被黑客入侵还是被剥削？

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

3。关于这次袭击背后的集中交流的据称猜测是什么？