Solidus Labs flagged over $170M in unusual Brent crude perpetual orders placed through two Hyperliquid accounts between March 8 and 10, during sharp oil price swings linked to the Iran war, according to Bloomberg reporting summarized by Wu Blockchain and Cointelegraph.

Solidus Labs flagged over $170M in unusual Brent crude perpetual orders placed through two Hyperliquid accounts between March 8 and 10, during sharp oil price swings linked to the Iran war, according to Bloomberg reporting summarized by Wu Blockchain and Cointelegraph.

The pattern resembled spoofing: large orders repeatedly placed on one side of the book and canceled while trading on the other side, with a cancellation to execution value ratio of roughly 30:1. Solidus estimated about $119,000 in profit over the three days, primarily in Brent perps.

Solidus said manipulative intent remains unproven. Hyperliquid Labs said all orders, cancellations and trades are recorded on a transparent public blockchain and can be independently reviewed.

No trader identity, wallet address, enforcement action or clawback has been named in the sources so far; the report is an allegation of suspicious pattern, not a proven manipulation finding.