Hyperliquid reimburses $2M to crypto traders after API outage

Hyperliquid’s rapid response may boost confidence in decentralized trading platforms, which are gaining market share on centralized exchanges.

Decentralized exchange Hyperliquid has reimbursed nearly $2 million to users affected by a brief outage last week, a move that may strengthen confidence in decentralized trading platforms.

The Hyperliquid platform’s application programming interface (API) suffered an outage last Tuesday, which saw traders sidelined from order execution for approximately 37 minutes before resuming operations, its website shows.

On Monday, Hyperliquid issued refunds totaling $1.99 million in USDC (USDC) to affected users, onchain data from Hypurrscan shows.

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