Spoofing on an onchain exchange is the dumbest way to manipulate the market, because everything is visible. And it looks like someone’s trying anyway
Solidus Labs on Hyperliquid: two accounts, March 8–10, oil perps
over $170 million — those were placed orders, not trades
about 30 times more was canceled than executed
and the profit over three days, according to Solidus’s estimate, was about $119K. That’s the whole cost of doing it, if this really was spoofing
Hyperliquid says it’s all onchain, so regulators can take a look. True. But intent hasn’t been proven yet, and this is a vendor’s report, not a verdict
This came to light just as the CFTC has been soliciting feedback on energy perps since June. A case like this is an argument for those who want to crack down on them
$HYPE
I’m not holding. I’m watching to see if the 30-day low of 74.45 holds if regulators pick up the story
I’m betting transparency will work against Hyperliquid. Agree or disagree?
#Hyperliquid #HYPE
Solidus Labs on Hyperliquid: two accounts, March 8–10, oil perps
over $170 million — those were placed orders, not trades
about 30 times more was canceled than executed
and the profit over three days, according to Solidus’s estimate, was about $119K. That’s the whole cost of doing it, if this really was spoofing
Hyperliquid says it’s all onchain, so regulators can take a look. True. But intent hasn’t been proven yet, and this is a vendor’s report, not a verdict
This came to light just as the CFTC has been soliciting feedback on energy perps since June. A case like this is an argument for those who want to crack down on them
$HYPE
I’m not holding. I’m watching to see if the 30-day low of 74.45 holds if regulators pick up the story
I’m betting transparency will work against Hyperliquid. Agree or disagree?
#Hyperliquid #HYPE
