fabo ✺

@cozyonchain

abundance | 4ac

✺ ✺ ✺ ✺ ✺ ✺ ✺ ✺

Joined January 2022

1.5K Following

1.1K Followers

3.4K Posts

fabo ✺ @cozyonchain

23 days ago

@_zkmike @stackapp fixes this

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fabo ✺ @cozyonchain

about 1 month ago

@0xElude @launchfairapp lfg

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cozyonchain retweeted

Sqüıd @prfctmng

about 1 month ago

Cryptocurrency won’t matter on judgement day

prfctmng's tweet photo. Cryptocurrency won’t matter on judgement day https://t.co/EtjaWZUvPH

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fabo ✺ @cozyonchain

about 2 months ago

@hasntpumpedyet @hellojintao bag

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Who to follow

physician 👨‍⚕️and an investor into equities,commodities,bonds and magical internet money aka cryptocurrencies.

Verified account

sped capital investment lab

make society great again

fabo ✺ @cozyonchain

3 months ago

@0xElude elude mode

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fabo ✺ @cozyonchain

3 months ago

@0xElude elude mode

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cozyonchain retweeted

3 months ago

https://t.co/Gtt766VBNB

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fabo ✺ @cozyonchain

3 months ago

@0xElude elude szn

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cozyonchain retweeted

3 months ago

over a month of HLP pnl wiped out by a few linked addresses trading $XPL today process was: - deposit ~$1.3m across 5 wallets - twap long 93m XPL (~$10.6m, ~8x leverage) - withdraw ~$3.1m total (allowed bc hyperliquid lets you withdraw uPnL as long as you stay above maintenance margin) - get liquidated (some was sold into the book, majority was backstopped around $0.13 - unclear exactly how this worked, but it *seems* this went through into resting bids rather than having HLP take it on) - still, HLP lost over $400k from bad debt as the attacker accounts went negative at the backstop price. reminiscent of the POPCAT attack from last year - attacker netted ~$1.85m in profit usually HLP takes on and holds these liquidations longer. maybe they had some logic around not doing so given they also had to eat bad debt, and the book could support the liquidation. or maybe it's just the usual system. not sure anyways, this doesn't seem repeatable, kinda specific to XPL today where there were buyers on other exchanges (hacked account?) + thin spot liq. i assume if you tried this on another coin rn you'd just get liquidated after you finish twapping (images of HLP pnl, one attacker's backstop liqs, and one attacker's txs where he withdrew some USDC to profit before letting the rest of the position get liquidated)

bh359's tweet photo. over a month of HLP pnl wiped out by a few linked addresses trading $XPL today

process was:
- deposit ~$1.3m across 5 wallets
- twap long 93m XPL (~$10.6m, ~8x leverage)
- withdraw ~$3.1m total (allowed bc hyperliquid lets you withdraw uPnL as long as you stay above maintenance margin)
- get liquidated (some was sold into the book, majority was backstopped around $0.13 - unclear exactly how this worked, but it *seems* this went through into resting bids rather than having HLP take it on)
- still, HLP lost over $400k from bad debt as the attacker accounts went negative at the backstop price. reminiscent of the POPCAT attack from last year
- attacker netted ~$1.85m in profit

usually HLP takes on and holds these liquidations longer. maybe they had some logic around not doing so given they also had to eat bad debt, and the book could support the liquidation. or maybe it's just the usual system. not sure

anyways, this doesn't seem repeatable, kinda specific to XPL today where there were buyers on other exchanges (hacked account?) + thin spot liq. i assume if you tried this on another coin rn you'd just get liquidated after you finish twapping

(images of HLP pnl, one attacker's backstop liqs, and one attacker's txs where he withdrew some USDC to profit before letting the rest of the position get liquidated)

bh359's tweet photo. over a month of HLP pnl wiped out by a few linked addresses trading $XPL today

process was:
- deposit ~$1.3m across 5 wallets
- twap long 93m XPL (~$10.6m, ~8x leverage)
- withdraw ~$3.1m total (allowed bc hyperliquid lets you withdraw uPnL as long as you stay above maintenance margin)
- get liquidated (some was sold into the book, majority was backstopped around $0.13 - unclear exactly how this worked, but it *seems* this went through into resting bids rather than having HLP take it on)
- still, HLP lost over $400k from bad debt as the attacker accounts went negative at the backstop price. reminiscent of the POPCAT attack from last year
- attacker netted ~$1.85m in profit

usually HLP takes on and holds these liquidations longer. maybe they had some logic around not doing so given they also had to eat bad debt, and the book could support the liquidation. or maybe it's just the usual system. not sure

anyways, this doesn't seem repeatable, kinda specific to XPL today where there were buyers on other exchanges (hacked account?) + thin spot liq. i assume if you tried this on another coin rn you'd just get liquidated after you finish twapping

(images of HLP pnl, one attacker's backstop liqs, and one attacker's txs where he withdrew some USDC to profit before letting the rest of the position get liquidated)

bh359's tweet photo. over a month of HLP pnl wiped out by a few linked addresses trading $XPL today

process was:
- deposit ~$1.3m across 5 wallets
- twap long 93m XPL (~$10.6m, ~8x leverage)
- withdraw ~$3.1m total (allowed bc hyperliquid lets you withdraw uPnL as long as you stay above maintenance margin)
- get liquidated (some was sold into the book, majority was backstopped around $0.13 - unclear exactly how this worked, but it *seems* this went through into resting bids rather than having HLP take it on)
- still, HLP lost over $400k from bad debt as the attacker accounts went negative at the backstop price. reminiscent of the POPCAT attack from last year
- attacker netted ~$1.85m in profit

usually HLP takes on and holds these liquidations longer. maybe they had some logic around not doing so given they also had to eat bad debt, and the book could support the liquidation. or maybe it's just the usual system. not sure

anyways, this doesn't seem repeatable, kinda specific to XPL today where there were buyers on other exchanges (hacked account?) + thin spot liq. i assume if you tried this on another coin rn you'd just get liquidated after you finish twapping

(images of HLP pnl, one attacker's backstop liqs, and one attacker's txs where he withdrew some USDC to profit before letting the rest of the position get liquidated)

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fabo ✺ @cozyonchain

3 months ago

@holyheld @AnthropicAI @claudeai @OpenAI @GeminiApp @OpenRouter @openclaw @NousResearch @grok lfg

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cozyonchain retweeted

Dream @dreaming

3 months ago

BREAKING: US TROOPS ENTER THE STRAIT OF HORMUZ

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fabo ✺ @cozyonchain

3 months ago

@stackapp @MartinShkreli @maxmarchione shkreli nitrous arc

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fabo ✺ @cozyonchain

3 months ago

@4pfcoyote yote austin arc loading

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fabo ✺ @cozyonchain

4 months ago

@prfctmng shill me today’s listen

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fabo ✺ @cozyonchain

4 months ago

@charliebcurran let’s go

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fabo ✺ @cozyonchain

4 months ago

@stackapp @stigstigstig_ 👀

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fabo ✺ @cozyonchain

4 months ago

@nickvasiles tweet the ticker

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fabo ✺ @cozyonchain

5 months ago

@doppel_ichi banger

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fabo ✺ @cozyonchain

5 months ago

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fabo ✺ @cozyonchain

5 months ago

@hadzooka69 @punter_punts i need to replenish after sending you some of my supply

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