Bitcoin24h $113,382.63-1.86%

Ethereum24h $3,506.33-3.89%

XRP24h $2.93-2.11%

BNB24h $753.92-2.13%

Solana24h $164.24-2.47%

TRON24h $0.3272+0.03%

Dogecoin24h $0.1991-4.05%

Cardano24h $0.7129-1.88%

Hyperliquid24h $37.80-4.19%

Sui24h $3.42-2.42%

Hyperliquid trader ‘Tether FUD’ leverages 40X to short bitcoin

Tether FUD, a trader on the Hyperliquid perpetual futures exchange trader, took on 40X leverage to bet that bitcoin’s price would crash.

HyperLiquid lets influencers experience blowing up a fund

Crypto influencers like Rektober and Sifu are actively losing users’ money via hedge fund-like HyperLiquid vaults.

HyperLiquid has responded to an increasing velocity of criticisms about its code, token supply, and validator centralization.

While some would like to see Lazarus Group’s ill-gotten gains go down the drain, others see the activity on HyperLiquid as a worrying sign.