Security incident · 2023-06-15
Hyperliquid
According to the public DefiLlama incident dataset, Hyperliquid (Arbitrum) suffered a security incident on 2023-06-15, with about $37K reported lost.
| Date | 2023-06-15 |
|---|---|
| Reported loss | $37K |
| Chain | Arbitrum |
| Target type | DeFi Protocol |
| Technique class | Market Manipulation |
| Technique | Risk Parameter Abuse |
| Bridge incident | No |
| Within 2023 | #179 by loss that year, 0.0% of all reported losses that year |
How this kind of attack works
The attacker moved prices in a thin market and profited from protocols that relied on those prices.
Would a pre-payment check have helped
Market manipulation is a liquidity and market-design problem.
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