Hyperliquid (HYPE) Price Crashed After Risk Management Updates Past Jelly Incident: What's Happening?

CoinStats - Hyperliquid makes validator changes after Jel...

Hyperliquid, the decentralized perpetuals trading platform, has introduced a significant update to its blockchain infrastructure. The upgrade introduces fully on-chain validation for asset delisting.  This follows after a $6 million exploit, where a whale forced a short squeeze of the JELLY memecoin, which led to the exchange delisting the memecoin. Hyperliquid introduces fully on-chain validation before asset delisting In a post on X, Hyperliqu…

The decentralized crypto exchange Hyperliquid has recently become the victim of a short squeeze attack. How does the DEX want to avoid similar things in the future? Source: BTC-ECHO BTC-ECHO

Hyperliquid (HYPE) Price Crashed After Risk Management Updates Past Jelly Incident: What's Happening?

Hyperliquid has been among users’ most preferred crypto platforms, driving HYPE token price even in the crypto market crash or similar conditions. However, the last few weeks’ incidents have affected its image and performance severely, causing security and transparency concerns. Amid the whales continuously exploiting Hyperliquid’s liquidation system, its worth is declining. What’s all the chaos? Let’s discuss this. Hyperliquid Price in Turmoil …

Hyperliquid Announces Key Risk Management Updates Following JELLY Market Incident - WorldNL Magazine

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, except those with flagged addresses, receive a settlement price that is beneficial to t…

Hyperliquid Exploited: Trader Attempts to Drain Funds with Leveraged Trades on Illiquid Coin

In a dramatic turn of events, the decentralized trading platform Hyperliquid has been hit by a major exploit that involved some really dodgy leveraged trading on an illiquid coin named JELLYJELLY. This exploit, we are sad to announce, resulted in draining huge funds from Hyperliquid, totaling about $8 million. For a quick visual run-through of what went down, check the screenshots below, which we snagged from X (formerly Twitter). They show the …

Hyperliquid Announces Key Risk Management Updates Following JELLY Market Incident

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, except those with flagged addresses, receive a settlement price that is beneficial to t…