HyperLiquid Bridge has temporarily halted USDC withdrawals, effective around 1 AM today, according to ইউToday. While other assets may still be available for withdrawal and deposits remain open, the suspension follows a recent incident involving the meme coin POPCAT. A trader reportedly withdrew $3 million in USDC from OKX and initiated a large long position on POPCAT, artificially inflating its price. The position grew to $30 million before the buy wall was removed, causing a rapid price decline. The resulting liquidation was substantial, forcing HLP (HyperLiquid's market maker) to assume the position. HLP ultimately closed the position at a $4.9 million loss. The suspension of USDC withdrawals appears to be a direct consequence of managing the fallout from this POPCAT-related event. Users are advised to monitor HyperLiquid's official channels for updates on when USDC withdrawals will resume. ```