PyShield: Hyperliquid HLP suffers approximately $1.5 million loss as attackers exploit low liquidity to trigger a suicide liquidation.

CoinFeed reported on April 9th ​​that, according to PAShield monitoring, HLP lost approximately $1.5 million in the past 24 hours. The attackers established a total of $15 million worth of long FARTCOIN positions (145.24 million tokens) across four wallets. In a low-liquidity environment, the attackers triggered a "suicidal" liquidation, forcing the ADL mechanism to activate. HLP was forced to absorb the bad positions and the resulting bad debts. The paper loss is $3 million, but a substantial net profit may be realized through cross-exchange hedging.