Hyperliquid: Implementing point penalties on over 27,000 detected witch addresses

ChainCatcher news, the decentralized derivatives trading platform Hyperliquid stated that it has discovered approximately 100 entities holding over 27,000 addresses attempting to gain disproportionate points through large-scale and systematic behavior.

Hyperliquid indicated that it will impose point penalties, with the points of these addresses being multiplied by 2% or 20%, depending on the scale of the witch activity. Affected addresses will be marked as "witch behavior detected" on the points page. Additionally, Hyperliquid allocated 8 million points for activities in May, 8.4 million points for activities in early October and November, bringing the total points to 57.9 million.