Someone spent $15M trying to manipulate Fartcoin, and it ended with a $3M loss.

It all started with four coordinated wallets that quietly built a $15M long position on Fartcoin across @HyperliquidX.
But the token dropped instead of pumping, and all four wallets got liquidated for $3M.
Here's the scheme they tried to run:
→ Build a large coordinated long position across multiple wallets
→ Wait for the price to pump
→ Take profits before the position gets force-closed
When the liquidation hit, Hyperliquid's Auto-Deleveraging mechanism automatically closed two short positions on the opposite side.
The 2 lucky wallets made ~$850K combined with zero effort.
A similar approach was used to drain $1.5M from the HLP vault just days earlier.
This attack vector will persist as long as low-liquidity tokens trade on the platform.