Two massive Hyperliquid blowups worth noting:
James Wynn: Lost $100M+, liquidated down to $23. Public. Meme status achieved.
Wallet 0xb317: Lost $128.9M. Anonymous. Peaked at $284M in January, zeroed by February.
$128.9M is the larger loss. Nobody knows who holds this wallet. No press, no attention, just gone.
Risk management failure at institutional scale. Leverage kills size.
James Wynn: Lost $100M+, liquidated down to $23. Public. Meme status achieved.
Wallet 0xb317: Lost $128.9M. Anonymous. Peaked at $284M in January, zeroed by February.
$128.9M is the larger loss. Nobody knows who holds this wallet. No press, no attention, just gone.
Risk management failure at institutional scale. Leverage kills size.