On transparent onchain markets, a position can become a target while it is still open.
In March 2025, a trader built a $445M Bitcoin short using 40× leverage on Hyperliquid. Its size, direction and liquidation price were publicly visible—giving other traders a clear level to target. A group publicly organized an attempt to force the position into liquidation. The trader responded by adding $5M in collateral, increasing the available margin and avoiding being forced out. The attempt ultimately failed—but the message was clear: transparency can directly influence how the market trades against your position.
Transparency made the position verifiable. It also turned the trader’s exposure into public market intelligence.
GoDark is building private execution across crypto markets, including perpetuals.
Execute beneath the market’s line of sight.
Trade in the dark.