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☠️ For the third time, Hyperliquid finds itself at the center of a major incident The exchange has halted deposits and withdrawals following a large-scale manipulation involving the POPCAT token. 🎯 An unknown trader withdrew $3M from OKX, moved it to Hyperliquid, and started aggressively opening long positions on POPCAT, driving the price up. To fake demand, they placed a massive buy wall at $0.21 worth about $30M — but later suddenly removed it. The price crashed, their positions got liquidated, and the HLP liquidity system reportedly lost around $5M. #News Alpha | Chat