Hyperliquid: There are no protocol vulnerabilities or hacker attacks, the maximum leverage for BTC and ETH will be updated to 40 times and 25 times respectively

Hyperliquid posted on the X platform: "To clarify comments and questions about Ethereum long positions of user 0xf3f4: there was no protocol vulnerability exploitation or hacker attack. The user had unrealized profit and loss (PNL), followed by a withdrawal, which led to a decrease in their margin, ultimately resulting in forced liquidation of their position. Their final profit and loss were approximately $1.8 million. In the past 24 hours, HLP has lost about $4 million. HLP's total historical profit and loss still stands at around $60 million. It should be reminded that HLP is not a risk-free strategy. We will update the maximum leverage for Bitcoin and Ethereum to 40x and 25x respectively, to increase the maintenance margin requirements for large positions. This will provide better buffer for backup forced liquidation of large positions."