X @Arkham
Arkham·2025-11-12 17:37
Someone just passed $5M of bad debt on POPCAT to Hyperliquid’s Hyperliquidity Provider (HLP).The individual affected had withdrawn $3M this morning from OKX, and split it across 19 different accounts, all used to long POPCAT with ~5x leverage.These 19 accounts were liquidated for a combined $25.5M of POPCAT, losing $2.98M in collateral. ...