Hyperliquid Repays $2M to Crypto Traders after API outage

The decrypted exchange exchange rimmed almost $ 2 million affected users last week last week, a move that can strengthen the decline in the decentralized trade.

The programming interface of application of the application (who saw, seeing cheaters from the order execution for approximately 37 minutes before the operations, their Youb shows.

Monday, Monday Total Hyperlids Refunds of $ 1,99 million in USDC (USDC) to affected users, onchain data from hypurtrscan Shows. I am

The quick response of hyperliquid and $ 2 million refund after half-hour moutica were praised by users.

“Over $ 1.5m has already been sent to users (can confirm)”, he said AAALX HyperLiquid in a Monday X post office. I am “Incredible considering they have no legal obligation, no contract or sla to do this”, has added.

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Hyperlid’s Situation Hearing is coming as decentralized exchanges (Dexs) grow more competitive with centralized platformin spite of recent setbacks. In March, the platform has suffered the platform a exploitation of $ 6.26 million involving the Jelly My Jelly (Jelly) Memproin Due to a vulnerability in their settlement settings.

Hyperliquid has grown to become seventh deriving seventh, with more than $ 10.6 billion open 24-hour interest, until 12th place from the beginning of April, Co ringecko the data data.

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Outage hyperlid caused by the spike of traffic, not exploiting

While the initial lodging has shot in a potential Hack or exploit, Hyperlia reported that the problem has been caused by a “Spike significant in the traffic” after the platform surplassed A $ 14.7 Billion Comord High in Open Intended Interest On July 23.

“During the period by 14: 10-14: 47-14 July 29th, for API servers who experienced a significant spike in the traffic” said a Monday Telecram Announced. I am

“The API turned error answered

However, the users that have been more than $ 10,000 needs to complete Know your customer (KYC) verification for full refund. These users have already received $ 9.990 on our refunds, but will complete the verification process for a Discord ticket from 18 August.

https://www.youtube.com/watch?v=guzi3jr-dttke

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