Wu Blockchain (@WuBlockchain): Bybit CEO BEN: Essentially what happened was a whale used Hyperliquid liquidation engine to exit. CEX or DEX in this case faces the same challenge, ou…
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Bybit CEO BEN: Essentially what happened was a whale used Hyperliquid liquidation engine to exit. CEX or DEX in this case faces the same challenge, our liquidation engine also takes over the whole position when whales get liquidated. Then this leads to if DEX really want to have high leverage in the long run and avoid this problem, They probably needs to delpoly many CEX level of risk management such as market surveillance to spot abusers and market manipulators, OI limit to control overall OI and the list go on. x.com/benbybit/statu…