The recent sell-off saw over 1,000 wallets on Hyperliquid get completely liquidated, while 6,300 wallets are now in the red, with 205 losing over $1 million each.

The sell-off, triggered by U.S. President Donald Trump's announcement of additional tariffs on Chinese imports, erased over $1.23 billion in trader capital on Hyperliquid and $19 billion across the crypto market in a 24 hours.

Of that amount, an extraordinary $7 billion in liquidations took place within just one hour on Friday, representing one of the largest waves of forced selling ever recorded in the crypto market.

https://www.coindesk.com/markets/2025/10/11...-on-hyperliquid

Leverage amplify profits as well as losses. Many thought their skill brought in the win and not their luck and circumstances.

SOMEONE JUST OPENED A #BITCOIN SHORT 30 MINS BEFORE TRUMP'S TARIFF ANNOUNCEMENT AND JUST CLOSED WITH $88,000,000 PROFIT

HE OPENED THIS ACCOUNT TODAY 👀

https://www.tradingview.com/news/u_today:60...t-before-crash/

Crypto trading is very addictive.

i think ada inside info one

Ever since Trump take over for 2nd time, this shit happens very often. Last time only black swan kind of event like Covid and FTX crash can cause this kind of destruction.

Now the orange clown just need to announce some shit and booom, almost everyone got rekt except him and his close allies.

Use proper encryption and it's mathematically impossible. 
Brazilian banker's crypto baffles FBI
FBI struggles to seize 600,000 Bitcoins from alleged Silk Road founder

Of course if you willingly give up your private keys to get a better sentence that's a different story.

TrueCrypt used AES256 10 years ago, and even if you tried a quintillion keys a second it won't be broken even in a BILLION years.

Your best possibility is a future quantum computer running Glover's algorithm but that hasn't been invented yet.

But forget crypto wallet, if that was invented every transaction on the internet would be cracked.

Few order is not enough, and anyway these algorithms do not exist. Other than Grover's algorithm, which is theoretical and requires quantum computers, nothing is known to crack AES256 yet.

Paxos, the blockchain partner of PayPal, mistakenly minted $300 trillion worth of the online payment giant’s stablecoin on Wednesday in what the company called a “technical error.”

Market watchers had spotted the enormous injection of the PayPal PYUSD stablecoin on Etherscan — a block explorer and analytics platform for the Ethereum blockchain.

Paxos had mistakenly minted the stablecoins as part of an internal transfer, before it “immediately identified the error and burned the excess PYUSD,” the company said in a social media statement.

“This was an internal technical error. There is no security breach. Customer funds are safe. We have addressed the root cause,” it added. PayPal didn’t respond to an inquiry from CNBC outside of regular business hours.

Transactions on Etherscan showed that the mistake had been fixed after about 20 minutes.

PYUSD is advertised as a dollar-pegged stablecoin that is fully backed by U.S. dollar deposits, U.S. treasuries and similar cash equivalents. Therefore, PayPal says the tokens are always redeemable for U.S. dollars on a 1:1 basis.

However, the technical error highlights that the dollar peg is guaranteed by PayPal and its independent third-party attestation reports, rather than intrinsically tied to the minting of a stablecoin.

There aren’t enough dollars in global circulation to back $300 trillion PYUSD, which would theoretically require more than double the world’s estimated total GDP.

Paxos’ error comes at a time when stablecoins are becoming more mainstream as its adopted by an increasing number of banks and payment platforms.

PYUSD is currently the sixth-largest stablecoin in the world with a market capitalization of over $2.6 billion, according to data from CoinMarketCap.

https://www.cnbc.com/2025/10/16/paypals-cry...ical-error.html

Time to DCA

For SPOT only holders, no problem no panic, DCA alll the way.

Leverage players without stop loss all liquidated.