Hyperliquid: Detects Over 27,000 Witch Addresses, Will Proceed with Point Punishment

BlockBeats News, November 27th, the decentralized derivatives trading platform Hyperliquid stated that it identified approximately 100 entities holding over 27,000 addresses attempting to disproportionately acquire points through large-scale and systematic behavior.

Hyperliquid stated that it will conduct point penalties, where the points of these addresses will be multiplied by 2% or 20%, depending on the scale of the wash trading. The affected addresses will be marked with "Detected Witch Behavior" on the points page. Additionally, Hyperliquid allocated 8 million points for activities in May, 8.4 million points for activities in October and early November, and the final total points reached 57.9 million.