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Fartcoin is a memecoin (CTO) conceived by terminal of truths.Tokenising farts with the help of sentient bots.
PeckShield: Attacker exploited low liquidity to trigger “suicidal” liquidations, causing Hyperliquid HLP to lose approximately $1.5 million within 24 hours
According to on-chain analyst PeckShield (@PeckShieldAlert), the attacker established a $15 million long position in $Fartcoin (totaling 145.24 million tokens) on Hyperliquid using four wallets. Subsequently, in a low-liquidity environment, the attacker deliberately triggered a “suicidal” liquidation, forcing activation of the ADL (Automatic Deleveraging) mechanism. As a result, the HLP liquidity pool was compelled to absorb toxic assets, generating bad debt and incurring approximately $3 million in paper losses. The HLP has lost roughly $1.5 million within the past 24 hours. PeckShield noted that the attacker likely executed cross-market hedging strategies in advance, meaning the actual net profit may significantly exceed the reported paper loss figure.
A single entity is suspected of manipulating the FARTCOIN long position; four wallets were liquidated within four hours, incurring $3.02 million in losses.
According to on-chain analyst Onchain Lens (@OnchainLens), over the past four hours, four wallet addresses linked to the same entity collectively opened $33.3 million in long positions in the FARTCOIN market, all of which were subsequently liquidated, resulting in a total loss of $3.02 million.
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PeckShield: Attacker exploited low liquidity to trigger “suicidal” liquidations, causing Hyperliquid HLP to lose approximately $1.5 million within 24 hours
According to on-chain analyst PeckShield (@PeckShieldAlert), the attacker established a $15 million long position in $Fartcoin (totaling 145.24 million tokens) on Hyperliquid using four wallets. Subsequently, in a low-liquidity environment, the attacker deliberately triggered a “suicidal” liquidation, forcing activation of the ADL (Automatic Deleveraging) mechanism. As a result, the HLP liquidity pool was compelled to absorb toxic assets, generating bad debt and incurring approximately $3 million in paper losses. The HLP has lost roughly $1.5 million within the past 24 hours. PeckShield noted that the attacker likely executed cross-market hedging strategies in advance, meaning the actual net profit may significantly exceed the reported paper loss figure.
A single entity is suspected of manipulating the FARTCOIN long position; four wallets were liquidated within four hours, incurring $3.02 million in losses.
According to on-chain analyst Onchain Lens (@OnchainLens), over the past four hours, four wallet addresses linked to the same entity collectively opened $33.3 million in long positions in the FARTCOIN market, all of which were subsequently liquidated, resulting in a total loss of $3.02 million.