Bitcoin24h $112,701.96-1.48%

Ethereum24h $4,621.49-4.27%

XRP24h $2.96-2.13%

BNB24h $868.58+0.14%

Solana24h $197.90-4.34%

TRON24h $0.3523-3.78%

Dogecoin24h $0.2196-5.24%

Cardano24h $0.8778-2.48%

Chainlink24h $24.68-4.15%

Hyperliquid24h $46.24+3.92%

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.