Perpetuals

The attacker held a registered price-feed forwarder and pushed future-dated reports through the vault. Roughly 10,540 ETH has since gone through Tornado Cash.

SPCX-USDC launched on Hyperliquid at 5:16 AM UTC with a $150 reference price and a $1.78 trillion implied valuation. By the close it was trading at $202.89, implying a valuation well above any private-market mark SpaceX has cleared.

Wasabi Protocol's deployer EOA held the only ADMIN_ROLE for the entire permission system, and an attacker drained roughly $4.55 million from perp vaults across four chains. The vulnerability was governance, not code.

OKX has launched X-Perps, a MiFID-regulated perpetual-style derivatives product offering up to 10x leverage across ten trading pairs, available to retail and institutional traders across the European Economic Area.

Hyperliquid, a specialized decentralized exchange for perpetual futures derivatives, exceeded $1 billion in daily trading volume in February 2025, operating on its custom-built layer 1 blockchain with sub-second settlement.