Hyperliquid's frontend outage lasted 27 minutes, halting all trading and revealing vulnerabilities in decentralized finance services, impacting HYPE token's value.
Hyperliquid's frontend experienced a crash for 27 minutes on July 29, pausing all trading and preventing users from executing trades or accessing funds. The outage, caused by an API server malfunction due to increased traffic, led to a 5% drop in HYPE token value, which fell from $45 to $42.87 before recovering to $44.25. This incident highlights vulnerabilities in DeFi platforms that rely on centralized front ends despite their decentralized networks.