Imagine a big online store for digital money called Hyperliquid. They recently had a problem! A person with lots of digital money (Ethereum, or ETH) made a very risky bet. When the bet went wrong, Hyperliquid had to pay $4 million from a special money pot (HLP vault). This was like a tiny scratch on a big piggy bank.
- A person made a big, risky bet on Ethereum.
- The bet went bad, costing Hyperliquid $4 million.
- Hyperliquid will now let people take bigger risks, but with more safeguards.
| Thing | Number |
|---|---|
| Money lost | $4 million |
| Money in the special pot | $451 million |
| New maximum risk for Bitcoin | 40X |
| New maximum risk for Ethereum | 25X |
This is important because it shows how risky investing in digital money can be. It also shows how even big companies can have problems.
