Over 1,000 Hyperliquid Traders Lose Entire Deposits in Market Crash

• More than 1,000 wallets on the Hyperliquid platform were completely zeroed out.
• The total losses of users exceeded $1.23bn.
• At least 205 traders lost more than $1 million.
• Four major addresses lost between $13 million and $18 million each.

Lookonchain analysts reported large-scale liquidations on decentralised platform Hyperliquid. According to their data, during the market crash on the night of 11 October, more than 1,000 wallets were completely zeroed out – users lost all their funds.

Experts told that more than 6,300 addresses are in losses, and the total amount of losses exceeds $1.23bn. Among them:

• 205 wallets have lost more than $1 million
• more than 1,070 have lost around $100,000

Lookonchain also noted the four largest individual losses: one trader lost $18.73 million, another lost $16.43 million with only $140 in his account afterwards. Another suffered a loss of $15.69m, leaving him with $104, while a fourth lost $13.72m, having lost his funds completely.

Note that the fear and greed index fell to 35 amid a large-scale correction of the crypto market.