Hyperliquid’s $5m wipeout shows how DeFi vaults can collapse from within

An attacker withdrew $3 million in USDC from OKX and split it across 19 wallets. They opened $26 million in leveraged long positions on POPCAT perpetuals. A $20 million buy wall was placed to falsely signal market strength. A sharp and deliberately executed sequence of trades has exposed a serious vulnerability in decentralised finance infrastructure source: https://coinjournal.net/news/hyperliquids-5m-wipeout-shows-how-defi-vaults-can-collapse-from-within/