Hyperliquid’s forced market closure and off-market settlement drew legal scrutiny, with Newfound Research CEO Corey Hoffstein questioning the legality of the move, and comparisons raised to the 2022 Mango Markets exploit
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Hyperliquid’s forced market closure and off-market settlement drew legal scrutiny, with Newfound Research CEO Corey Hoffstein questioning the legality of the move, and comparisons raised to the 2022 Mango Markets exploit
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This incident is similar to the 2022 Mango Markets exploit, where Avraham Eisenberg manipulated oracle prices to profit in derivative markets using a "highly profitable trading strategy".
