Community Exclusive Trading Challenge on TxFlow,
up to 18,888 USDC in Cash Rewards!
Campaign Period: Oct 21, 5:30 – Oct 31, 23:59 UTC
Campaign page: https://t.co/IaSivrIOz2
More volume -> more rewards for everybody
Join the competition with: https://t.co/joAxBPokw6
gFlow💚
Here's where the rest of his margin went
On Hyperliquid your position goes to the book first and you keep whatever is left. On TxFlow it goes straight to their own vault at the bankruptcy price
In the same seven months TxFlow's liquidators made $408k. Hyperliquid's, on a venue hundreds of times bigger, were down $1.5M
You can't check the exact number. Their API only shows the last 300 trades, the rest is locked, and there's no node you can run
The vault is "community-owned". One address owns 57% of it. They said the liquidation logic is "ours". It is
Pls avoid Txflow.
A total of $24k usd with $11k usd liquidated just now.
Price feed was fine. I even added another $4k usd liquidity.
However, out of the blue, I experienced margin call.
If there was a spike down, I understand. But there wasn’t.
If the platform is lagging, that is not acceptable. That is misinformation.
I had the exact trade call with variational but there was nothing wrong.
Fix your buggy platform:
@matthubuilds@Harry_TxFlow
This will be the last time touching this platform. Let’s stop the flow.
„Price feed was fine… I even added another $4k usd liquidity… out of the blue… If there was a spike down, I understand. But there wasn’t.”
On the chart he posted you can see green arrows – he was adding to positions on the way down. At the same time ETH and ARB were dumping harder than BTC, and everything was in one cross margin account. The shared margin ran out and the account got liquidated.
This wasn’t a lag and it wasn’t “out of the blue.” That’s exactly how cross margin works. The liquidation price isn’t fixed because all positions share the same margin pool. If you don’t understand that, better stay away from cross.
And if you do get liquidated, don’t blame the platform. 😬
The same wallet that bought 13 Hypurr NFTs this morning has just sold 8 of them.
📉 Realized loss: 122 HYPE.
💸 Selling fees: 3 HYPE per NFT, another 24 HYPE.
Total: 146 HYPE lost in just a few hours.
Crypto never ceases to amaze me.
#Hypurr
On a momentous day for both Hyperliquid and the entire Crypto industry -
- We are reminded of how much irreversible harm and damage CZ and Binance have caused over the years:
> Manipulating markets and their own chain
> The cause of the 10/10 liquidations
>This new "Hack"
Holding anything over 100k in crypto is retarded as fuck. You will either gamble it away or have someone come hold a gun to your head and get your phrase.