An attacker manipulated POPCAT to attack the Hyperliquid platform, causing a loss of $4.9 million.

According to ChainCatcher, monitored by Lookonchain, an attacker launched an attack on the Hyperliquid platform by manipulating POPCAT, resulting in a personal loss of $3 million and causing Hyperliquid liquidity providers (HLP) to lose $4.9 million.

The attacker withdrew $3 million USDC from an exchange, distributed it to 19 wallets, and then deposited it into the Hyperliquid platform to open a long position of 125.14 million HYPE worth $26.28 million.