Fartcoin Manipulation Attempt Backfires with $3M Liquidation

Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News A coordinated attempt to manipulate the price of Fartcoin (FART) on Hyperliquid ended in a $3 million liquidation loss after the scheme triggered an automatic safety mechanism that forced the platform’s own liquidity pool to absorb the fallout. However, blockchain analysts tracking the incident say the attacker likely walked away with a net profit through hedged positions they had placed elsewhere, leaving Hyperliquid’s liquidity providers holding the bag. According to Peckshield and Lookonchain, a single entity spread about $15 million worth of FART long positions across four wallets, accumulating over 145 mi

Source: https://cryptopotato.com/fartcoin-manipulation-attempt-backfires-with-3m-liquidation/