Bybit CEO Ben Zhou commented on a recent $4 million loss suffered by decentralized exchange (DEX) Hyperliquid due to an Ether whale’s high-leverage trade, noting that centralized exchanges (CEXs) face similar challenges.

On March 12, a crypto investor walked away with $1.8 million and forced the Hyperliquidity Pool (HLP) to bear a $4 million loss after a trade that used leverage on the Hyperliquid decentralized exchange (DEX). 

The trader data-ct-non-breakable=”null” href=”https://hyperdash.info/trader/0xf3f496c9486be5924a93d67e98298733bb47057c” rel=”null” target=”null” text=”null” title=”null”>used about 50x leverage to turn $10 million into a $270 million Ether ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/ethereum-price” rel=”null” target=”null” text=”null” title=”null”>ETH) long position. However, the trader…

Bybit CEO Ben Zhou commented on a recent $4 million loss suffered by decentralized exchange (DEX) Hyperliquid due to an Ether whale’s high-leverage trade, noting that centralized exchanges (CEXs) face similar challenges.

On March 12, a crypto investor walked away with $1.8 million and forced the Hyperliquidity Pool (HLP) to bear a $4 million loss after a trade that used leverage on the Hyperliquid decentralized exchange (DEX). 

The trader data-ct-non-breakable=”null” href=”https://hyperdash.info/trader/0xf3f496c9486be5924a93d67e98298733bb47057c” rel=”null” target=”null” text=”null” title=”null”>used about 50x leverage to turn $10 million into a $270 million Ether ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/ethereum-price” rel=”null” target=”null” text=”null” title=”null”>ETH) long position. However, the trader…