X @Wu Blockchain

On-chain monitor MLM reports that an OKX wallet withdrew ~$3M USDC, split it across 19 wallets, and around 14:45 UTC built $20–30M in POPCAT longs with a ~$0.21 buy wall. Once the wall was pulled, the entire position was liquidated within seconds, with HLP taking over and losing ~$4.9M as POPCAT fell further. Hyperliquid later manually closed the position. MLM calls the incident a deliberate attack on HLP/Hyperliquid, not trader error. https://t.co/ZHlJm5FH8B ...