$HYPE Exchange Plans Automated Refunds After API Outage


#Hyperliquid has confirmed automated refunds for users affected by Tuesday's 37-minute trading downtime.


API servers experienced a significant traffic spike from 2:10-2:47 p.m. UTC causing order delays.


Price divergences occurred as traders couldn't close positions during the outage period.


The exchange clarifies that the issue was traffic-related, not a hack or security exploit.


$HYPE blockchain and consensus layer operated normally with blocks continuing production.


The API returned error messages despite transactions successfully reaching mempool and confirming on-chain.


The platform has been experiencing record highs in open interest and protocol revenue recently.


$HYPE token fell 3.75% to around $43 during the incident, currently trading at $42.60.


Improvements are being rolled out to address user confusion during similar incidents.

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July 30, 2025 at 9:57 PM
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