Hyperliquid responds to the giant whale’s ETH long order liquidation: No protocol loophole, HLP lost about $4 million in 24 hours

Odaily Planet Daily News In response to the market's discussion on the liquidation of 0xf3f4 user's ETH long orders, Hyperliquid officially responded that this incident was not a protocol vulnerability or hacker attack, but because the user withdrew unrealized profits (PNL), which caused the margin to drop, thus triggering liquidation. Hyperliquid said that the user still made a profit of $1.8 million in the end, but HLP (Hyperliquid Liquidity Provider Pool) lost about $4 million in the past 24 hours. Despite this, HLP's historical cumulative PNL remained at about $60 million. In addition, Hyperliquid announced that it would adjust leverage restrictions to optimize liquidation management: BTC maximum leverage adjusted to 40 times ETH maximum leverage adjusted to 25 times Increase maintenance margin requirements for large positions to enhance market buffer capacity during large-scale liquidations.