Trader loses $3M as leveraged Fartcoin position unwinds on Hyperliquid

Hyperliquid data showed a 145 million Fartcoin position unwound across wallets, with the platform redistributing about $849,000 in gains to opposing traders.

Hyperliquid data showed a 145 million Fartcoin position unwound across wallets, with the platform redistributing about $849,000 in gains to opposing traders.

The decision closes a legal battle spanning more than a year, after Dunamu moved to overturn the sanction and halt its enforcement.

The Financial Services Commission said inconsistent exemption rules created loopholes that allowed funds to move quickly with minimal account history.

The draft proposal from South Koreaβs ruling party reportedly bars stablecoin interest and calls for technical standards to ensure interoperability across blockchain networks.

Binance said it will roll out a spot trading rule on April 14, restricting executions outside a set range during periods of volatility and thin liquidity.