Hyperliquid: More than 27,000 Sybil addresses detected, points penalty will be imposed

Hyperliquid, a decentralized derivatives trading platform, said it found more than 27,000 addresses held by about 100 entities trying to obtain disproportionate points through large-scale and systematic behavior. Hyperliquid said that in response to this behavior, the points of these addresses will be multiplied by 2% or 20%, depending on the scale of the witch activity. The affected addresses will be marked "Witch behavior detected" on the points page. In addition, Hyperliquid allocated 8 million points for activities in May and 8.4 million points for activities in October and early November, bringing the total number of points to 57.9 million.