Hyperliquid Repays $2M to Crypto Traders after API outage

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Decentralized exchange Hyperliquid has reimbursed nearly $2 million to users affected by a brief outage last week, a move that may strengthen confidence in decentralized trading platforms.

The Hyperliquid platform’s application programming interface (API) suffered an outage last Tuesday, which saw traders sidelined from order execution for approximately 37 minutes before resuming operations, its website shows.

On Monday, Hyperliquid issued refunds totaling $1.99 million in USDC (USDC) to affected users, onchain data from Hypurrscan shows.

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Hyperliquid Repays $2M to Crypto Traders after API outage


Decentralized exchange Hyperliquid has reimbursed nearly $2 million to users affected by a brief outage last week, a move that may strengthen confidence in decentralized trading platforms.

The Hyperliquid platform’s application programming interface (API) suffered an outage last Tuesday, which saw traders sidelined from order execution for approximately 37 minutes before resuming operations, its website shows.

On Monday, Hyperliquid issued refunds totaling $1.99 million in USDC (USDC) to affected users, onchain data from Hypurrscan shows.

Source:…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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