Last week, degen James Wynn lost $100 million in liquidations on Hyperliquid. 

The losses — 949 BTC ($99.3M) and 982.5M kPEPE ($11.6M) — came as Bitcoin dropped below $105K, triggering his 40x leveraged positions. But here's where it gets interesting: Wynn claims he wasn't just unlucky. He believes he was hunted.

"One thing for sure is that I have exposed just how corrupt these markets are," Wynn posted, claiming that market participants orchestrated a "liquidation hunt" to blow out his visible positions, pushing prices just low enough to trigger his liquidations before letting them recover.

Whether these allegations are true or not, they do highlight a glaring vulnerability in decentralized trading: everyone can see everyone else's positions. It's like playing poker with your cards face-up.