On May 24th, according to OnchainLens monitoring, a giant whale address deposited $4.33 million in USDC into HyperLiquid and purchased 130715 HYPEs for $33.8, totaling $4.42 million.
The whale also holds a 2x leveraged long position in WLD, with a floating profit of $200000 at present.
Odaily Planet Daily reported that according to the monitoring of On Chain Lens, a whale deposited 4.33 million USDC into Hyperliquid and purchased 130715 HYPE.
Odaily Planet Daily News: According to official sources, Yield Guild Games, a blockchain gaming guild, announced that YGG tokens have been launched on the Ethereum Layer 2 blockchain Abstract. Users can exchange YGG tokens for other tokens such as PENGU through YGG/ETH trading pairs on Abstract Global Wallet and Uniswap. In addition to the Abstract blockchain, other blockchains currently supported by YGG include Base, Ethereum, Polygon, Ronin, and BNB Chain.
Odaily Planet Daily News: SlowMist has released an analysis of the $230 million theft of Cetus, which points out that the core of this incident is that the attacker carefully constructed parameters to cause overflow but was able to bypass detection, ultimately exchanging a huge amount of liquid assets with a very small token amount. The core reason is that there is an overflow detection bypass vulnerability in the checked_Shlw function of get-delta_a. The attacker took advantage of this and caused serious deviations in the system's calculation of how much haSUI needed to be added. Due to the undetected overflow, the system misjudged the required amount of haSUI, resulting in the attacker being able to exchange a large amount of liquid assets with only a small amount of tokens, thus achieving the attack.
This attack demonstrates the power of mathematical overflow vulnerabilities. The attacker selects specific parameters through precise calculations and exploits the flaws in the checked_sthlw function to obtain billions of dollars worth of liquidity at the cost of one token. This is an extremely sophisticated mathematical attack, and it is recommended that developers rigorously verify the boundary conditions of all mathematical functions in smart contract development.
According to Cointelegraph, US District Judge Arun Subramanian has dismissed Eisenberg's charges of commodity fraud and market manipulation. The judge ruled that the evidence provided during the trial was insufficient to support the jury's conclusion that Avraham Eisenberg made significant false statements to Mango Markets. Eisenberg was convicted of telecommunications fraud, commodity fraud, and commodity manipulation in April 2024 for profiting $110 million in 2022 by exploiting vulnerabilities in the decentralized exchange Mango Markets.
Previously, US prosecutors demanded a sentence of at least 6.5 years in prison for the Mango Markets attackers.