News linked to both this project and an event.
According to Hyperinsight’s monitoring, the most outstanding U.S. stock trading address on Hyperliquid—dubbed the “U.S. Stock Trading King”—entered the U.S. stock trading arena in early April with a principal of approximately $30,000, initiating a long position in INTC (Intel), and subsequently scaled up its position continuously through rolling positions.
According to monitoring by on-chain analyst Ember, the "private key leak" has allowed the minting and dumping of H to continue for 13 hours. The so-called "hacker" is still able to mint H on the BSC chain and sell it off, draining every last cent from the pools. The "hacker" has minted 300 million H and sold a total of approximately 450 million H, cashing out $34 million (ETH+BNB). The H pool on BSC has been drained to just $13 in liquidity, and the price of H has plummeted 99.9% to $0.0009. Meanwhile, the perpetual contract price on CEX stands at $0.09, a 100x difference. In essence, they have de-pegged into two unrelated tokens.