Hyperliquid API Outage Leaves Traders Unable to Close Positions

Hyperliquid's API experienced a critical outage, stranding traders in open positions for nearly 30 minutes during peak trading hours. The disruption paralyzed the perpetual futures DEX, preventing both position closures and liquidations while open interest stood at a record $14.7 billion.

Technical failures coincided with anomalous funding rate fluctuations, fueling speculation about potential coordinated attacks. The incident drew uncomfortable parallels to FTX's final hours, though service was restored by 14:47 UTC without reported liquidations.

Outage effects cascaded to Lighter DEX, which relies on Hyperliquid's order books, demonstrating the systemic risks of decentralized finance interdependence. Users across platforms reported complete lockouts, with Discord channels flooding with error reports during the outage window.