Lighter's Upgraded LLP Strategies Withstand $50M ARC Perpetual Long Squeeze on February 26

On February 26, decentralized exchange Lighter reported that its updated LLP strategy system limited losses for liquidity providers to a preset $75,000 cap during a $50 million ARC perpetual long squeeze. The whale trader lost about $8.2 million, while roughly 600 counterparties profited as ARC's price slumped and then flash-crashed before partially recovering. ARC has since recorded steep multi-timeframe declines, with its market slide sparking fresh discussion over potential price manipulation and market integrity.