Approximately $1.5 million evaporated from HLP (HyperLiquid Market Making Pool) over the past 24 hours due to an attack utilizing Fartcoin. PeckShield explained, "The attacker opened a $15 million Fartcoin long position across 4 wallets, then intentionally triggered liquidations in a low-liquidity environment to activate the ADL (Auto-Deleveraging) mechanism. HLP was forced to absorb the resulting bad debt. While the book loss is $3 million, it is highly likely that the attacker made significant profits by hedging opposite positions on other exchanges."
