Hyperliquid (HLP loss on an ETH whale liquidation) other on 2025-03-12 ($4M reported)
Other on Hyperliquid, 12 Mar 2025. Reported loss $4M. Last verified 4 Nov 2026.
notable
Reported loss
$4M
as reported by the sources
Recovered
-
nothing reported
Status
Unknown
updated 26 Oct 2026
Date
Hyperliquid
Summary
On 2025-03-12 a trader's large ETH long on Hyperliquid was liquidated after the user withdrew unrealized profit, leaving the HLP vault with a loss of about $4M. Hyperliquid said there was no exploit, cut max leverage for BTC and ETH to 40x and 25x, and introduced a 20% margin ratio requirement on margin transfers.
- Protocol
- Hyperliquid (HLP loss on an ETH whale liquidation)
- Type
- Other
- Reported loss
- $4,000,000 · as stated: ~$4M (HLP vault loss) source: t.me ↗
Facts and where they come from
Primary sources
- Hyperliquid Announcements: statement on the 0xf3f4 ETH long ↗ official announcement · accessed 2026-11-04
- Hyperliquid Announcements: margin transfer requirement after the event ↗ official announcement · accessed 2026-11-04
Our own summary of facts published by the sources above. We do not attribute fault beyond them. Amounts are as the sources state them (no USD conversion by us); links and quoted figures last checked 2026-11-04.
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