{"id":411029,"date":"2025-11-13T11:51:36","date_gmt":"2025-11-13T06:21:36","guid":{"rendered":"https:\/\/dripp.zone\/news\/large-popcat-trades-result-in-5-million-loss-for-hyperliquid-vault-crypto-news\/"},"modified":"2025-11-13T12:04:23","modified_gmt":"2025-11-13T06:34:23","slug":"large-popcat-trades-result-in-5-million-loss-for-hyperliquid-vault-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/large-popcat-trades-result-in-5-million-loss-for-hyperliquid-vault-crypto-news\/","title":{"rendered":"Large POPCAT Trades Result in $5 Million Loss for Hyperliquid Vault &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p>The Arbitrum bridge to Hyperliquid temporarily paused deposits and withdrawals after an attacker left the HLP Vault holding $25 million of POPCAT.<\/p>\n<div>\n<p>Hyperliquid, the leading decentralized perpetuals exchange by open interest, was attacked this morning, saddling the platform\u2019s HLP vault with a $5 million loss.<\/p>\n<p>A user or entity built up a $20 million long position in the POPCAT memecoin. Once the position grew to roughly $30 million, the attacker allowed it to be liquidated, losing $3 million in the process and leaving HLP holding more than $25 million worth of POPCAT. The attack was similar to the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/news\/defi\/hyperliquid-token-tanks-as-another-vault-attack-sparks-controversy\" target=\"__blank\" rel=\"noopener noreferrer \">JELLYJELLY exploit<\/a> in March.<\/p>\n<p>The ensuing selloff resulted in a $4.9 million loss for HLP, bringing its return over the past month to -1%.<\/p>\n<figure><figcaption class=\"text-center text-xs\">HLP Monthly PnL &#8211; Hyperliquid<\/figcaption><\/figure>\n<p>In response, Hyperliquid halted deposits and withdrawals to HLP to manually close the position. Shortly thereafter, the Arbitrum Bridge\u2019s automatic lock feature was triggered, disabling deposits and withdrawals to Hyperliquid itself.<\/p>\n<p>Hyperliquid developer Iliensinc addressed the issue in the Hyperliquid Discord, where they stated, \u201cThe Arbitrum bridge&#8217;s automatic locking was triggered by a conservative set of conditions, and the bridge was unlocked after the situation was thoroughly investigated within ~25 minutes. Funds are safe. The Hyperliquid blockchain itself was not impacted and experienced no downtime.\u201d<\/p>\n<p>During and after the attack, HYPE briefly fell below $38, but has rebounded to $38.8 at the time of writing.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Arbitrum bridge to Hyperliquid temporarily paused deposits and withdrawals after an attacker left the HLP Vault holding $25 million of POPCAT. Hyperliquid, the leading decentralized perpetuals exchange by open interest, was attacked this morning, saddling the platform\u2019s HLP vault with a $5 million loss. A user or entity built up a $20 million long [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":411030,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-411029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/411029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=411029"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/411029\/revisions"}],"predecessor-version":[{"id":411031,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/411029\/revisions\/411031"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/411030"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=411029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=411029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=411029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}