High lipids experienced another system problem early today. The user is reporting an “Unexpected Error Submit Order” message. Unlike yesterday, the team explained that the problem was due to API congestion, not stopping.
Fast fixes and lack of exploits calmed most users but Orders are still processed with delays. Furthermore, liquidity and volume are still declining, with prices falling 5% after yesterday’s incident.
Hyperliquid’s native token fell 3.75% to $42.59. At the time of writing, token It continues to be downward trend, trading at $42.10, more than 2.27% in the last 24 hours.
High liquid plan to pay a refund
Hyperliquid confirmed on Tuesday that it will issue automatic refunds to users affected by API server issues that led to more than 30 minutes of transaction downtime.
“If an appropriate refund method is determined for users affected by this particular issue, the update will be shared in the next few days.” The High Lipid Team wrote on its official telegram channel on Wednesday. “Refunds are determined in an automated way. Affected users do not need to open tickets at this time.”
As It has been reported According to Cryptopolitan, from 14:10 UTC on Tuesday, several customers began experiencing issues with the execution of trade. This caused price differences as traders were unable to close positions during the delay.
The Hyperliquid status page initially showed no issues, but later updates verified “major outages” and stated that the cause was a surge in traffic. This was good news for many users who thought it was a hack or a vulnerability attack.
High lipid users lose millions on the platform
Crypto trader James Wynn is making a big bet on the permanent futures exchange of high lipids, despite him increasingly losing.
Over the past two weeks, Wynn has put more than $1.2 million in high lipids. He lost virtually all his deposits in a highly leveraged series of transactions, and was liquidated nine times in the process.
He traded Bitcoin, Ethereum, Pepe and Doge and bets ten times what he put in. A trader who borrows leveraged money and builds a greater stake than the amount he originally placed in the trade. If the trade gets worse, the exchange will automatically sell the trader’s collateral to offset the loss in the leveraged position.
Winn’s liquidation came after traders placed risky bets that cost tens of millions of dollars. In total, he has Lost Since he started trading on the site, he has been over $22 million in one wallet. On Tuesday, Winn finally halted the trade, closing off a long shutdown with Pepe closing on a loss, retracting about $33,000.
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