According to online reports, according to online analyst Ember (@EmberCN), a trader lost US$2.788 million in two days through three highly leveraged transactions on the Hyperliquid platform. Specific operations include: Shorted 41,851 Ethereum with a leverage of 25, with a position value of approximately US$103 million, and a loss of US$2.46 million; then, he placed 166 bitcoins with a leverage of 40, with a position value of US$17.6 million, and a loss of US$175,000 in 45 minutes; Finally, he shorted 2,636 Ethereum at a leveraged price of 25 times US$2,444. The loss was stopped due to the increase in the position, which caused the open position to move downward. The trader initially invested 2.96 million USDC, but ended up with 172,000 USDC left.