Bloomberg: Trader allegedly manipulated oil prices on Hyperliquid with $170M in orders
- —Over $170M in orders were placed and quickly cancelled on one side of the book
- —In one case a $17M sell order was pulled while a $425K buy was executed
- —The trader earned roughly $119,000 from the activity
- —Hyperliquid says all orders and trades are recorded on-chain for review
Why it matters: The case heightens regulatory scrutiny of DeFi perpetuals and their spillover into traditional commodity markets.
Source: PANews