"Saw the news today about XPL getting wrecked on Hype, and some friends around me got caught up in it too. On Twitter, I’ve seen a lot of people cursing out @HyperliquidX, saying it’s doomed. But honestly, this feels pretty familiar to anyone who went through DeFi Summer, doesn’t it? Isn’t this super similar to the classic Oracle Manipulation Attack we’ve all heard about? In the early days of DeFi protocols, many weren’t robust enough and directly relied on single-point oracles for pricing. So, scientists would use flash loans to instantly borrow large amounts of funds, manipulate the oracle, and then liquidate users’ collateral to blow them up. This time, HL’s situation seems similar. Instead of calling the attacker a hacker or thief, it’s more accurate to say they’re a clever whale exploiting loopholes in the rules. It’s unethical behavior, but it doesn’t seem to violate any established rules. After all, compared to a CEX like @binancezh, @HyperliquidX is still a relatively new