Hyperliquid, as a whale, manipulated JELLYJELLY by opening a $6M short,
Another drama hit Hyperliquid as a whale manipulated JELLYJELLY by opening a $6M short, self-liquidating, and forcing the HLP vault to inherit a massive position, resulting in over $10M in unrealized losses.
Hyperliquid intervened, delisted JELLYJELLY, and force-closed the trade at a favorable price, flipping the situation into a $700K profit.
Hyperliquid delisted $JELLYJELLY and force-settled the position at $0.0095 to prevent losses, citing a clear exploit and protecting HLP users.
Hyperliquid delisted JELLY after suspicious market activity, with validators voting to protect the network.
All non-flagged users will be reimbursed by the Hyper Foundation.
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