This blog post will provide updates on the situation and expected timelines for resolution as soon as they are available. Updates will also be shared via the official Vega Twitter and Discord channels. Date & Time Status Investigating Classification TBD For full details of how incidents are classified, please see this blog. Description The Vega project…

USDT

VEGA

<p>This blog post will provide updates on the situation and expected timelines for resolution as soon as they are available. Updates will also be shared via the official Vega <a href="https://twitter.com/vegaprotocol" target="_blank">Twitter</a> and<a href="https://vega.xyz/discord" target="_blank"> Discord</a> channels.</p><img src="https://sosovalue.s3.us-west-2.amazonaws.com/sosovalue/web3image/24/04/02/5kdht0fyywl1.png" alt=""/><h3>Date & Time</h3><h3>Status</h3><p>Investigating</p><h3>Classification</h3><p>TBD</p><p>For full details of how incidents are classified, please see this <a href="https://blog.vega.xyz/mainnet-incident-classification-8efa5f927b7a" target="_blank">blog</a>.</p><h3>Description</h3><p>The Vega project team is aware of the large price moves with impacts on some users seen on the experimental HLP/USDT points market on 2024/03/31.</p><p>The team is working with the users involved in these trades to verify whether the protocol worked as designed or if any components didn’t function as expected. The investigation initially focuses on whether all automated market monitoring protections were triggered as expected given the market configuration.</p><p>Where things did work as currently designed, the team will also be looking for any areas where the protocol could be improved to better support these new types of market and for other markets that are volatile and difficult to price or hedge. Further updates will be provided once available.</p><p>Separately, a community member has suggested suspending the points markets during this investigation. You can <a href="https://governance.vega.xyz/proposals/" target="_blank">review and vote on these proposal on the governance site</a>.</p><p>If your key was involved and you’d like to share your experiences, assist with the investigation, or get help extracting more detailed information from the APIs, please open a technical support ticket on <a href="https://discord.com/invite/3hQyGgZ" target="_blank">Discord</a>. To access support, enter the Vega Discord and select the “🤔┃tech-issue-tickets” channel under the Community section.</p>

Incident Report: HLP/USDT Large price moves and liquidations