Doug Colkitt, Founder and CEO of Ambient Finance, sheds light on the recent whale attack that nearly cost Hyperliquid $15 million. He discusses how a memecoin was leveraged for this high-stakes manipulation. Colkitt navigates the complexities of perpetual swaps, while diving into the controversial decisions made by Hyperliquid that raised eyebrows in the DeFi community. He also tackles the criticism surrounding these actions, potential preventative measures for future attacks, and the implications for decentralized trading practices.
