Hyperliquid has responded to recent market activity on its platform via Discord, clarifying that no security breach occurred. The team emphasized that users should be aware of the risks involved, indicating no plans for compensation. In response to the incident, Hyperliquid announced that in the next network upgrade, the hyperp mark price will be capped at 10 times the 8-hour EMA mark price. The platform considers the recent market actions as within the rules, thus not obligating them to cover losses.
Hyperliquid Addresses Market Incident, Plans Price Limit Adjustment
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