Hyperliquid (HYPE)

Hyperliquid Announces Key Risk Management Updates Following JELLY Market Incident

crtread2 days ago05 mins

HyperLiquid has announced a series of risk management improvements following a major incident involving its Hyperliquidity Provider (HLP) vault. As part of its response, HyperLiquid’s Foundation will refund users who held JELLY long positions at the time of settlement, using a closing price of $0.037555. This move is expected to ensure that all JELLY traders,…

Hyperliquid Could Be ‘FTX 2.0,’ Bitget CEO Warns

crtread3 days ago05 mins

Gracy Chen has criticized Hyperliquid’s response to an incident on its perpetual exchange, warning that the platform’s actions could result in it becoming the next FTX. Her remarks come after the company’s decision to delist JellyJelly (JELLY) perpetual futures contracts. Decentralization and Structural Risks On March 26, Hyperliquid announced that it was removing JELLY’s future…