Trader accused of spoofing on Hyperliquid's oil perpetuals market with $170M+ in layered orders during March volatility.
DeFi & Yields ·
A trader has been flagged for allegedly engaging in spoofing on Hyperliquid's oil perpetuals market, with over $170 million in layered orders placed and cancelled during March volatility swings. Spoofing—the practice of submitting orders with no intention of executing them to manipulate prices—raises questions about market manipulation safeguards on decentralized derivatives platforms.