---
title: "Hyperliquid HLP lost $1.2 million after taking over Fartcoin long positions; its APR over the past month is 0%."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282122891.md"
description: "Hyperliquid HLP incurred a loss of $1.2 million after taking over a large long position in Fartcoin, which was suspected to be a malicious attack. The loss represents a drawdown of about 0.35%. The attacker leveraged a low-liquidity coin, pushed the position to a loss, and triggered Advanced Debt Liability, forcing HLP to absorb the toxic position. Currently, Hyperliquid HLP's total value locked (TVL) is $420 million, with an annual percentage rate (APR) of 0% over the past month."
datetime: "2026-04-09T02:27:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282122891.md)
  - [en](https://longbridge.com/en/news/282122891.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282122891.md)
---

# Hyperliquid HLP lost $1.2 million after taking over Fartcoin long positions; its APR over the past month is 0%.

On-chain analyst 0xMacroGuy reported on X that Hyperliquid HLP lost approximately $1.2 million within 24 hours, equivalent to a drawdown of about 0.35%, due to taking over a large Fartcoin long position suspected to be malicious (now closed). According to 0xMacroGuy, the attacker's modus operandi was as follows: first, establish a large leveraged position on a low-liquidity coin; then deliberately push the position to a loss, intentionally burning through their own funds; once the position is liquidated, ADL (Advanced Debt Liability) is triggered, and HLP is forced to bear the loss, thus inheriting the toxic position and its associated bad debts; the end result is that the attacker loses funds, but HLP suffers even greater losses. The Hyperliquid HLP live page shows that the Vault's TVL (TVL) is currently $420 million, with an APR of 0% over the past month.

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