Hyperliquid JELLY ‘exploiter’ could be down $1M, says Arkham

HyperLiquid's Response to JELLY Crisis: Security Upgrades, Lingering Criticisms, and the Question of Decentralization - The Blockopedia

In the aftermath of yesterday’s JELLY incident, HyperLiquid, a leading Decentralized Exchange (DEX), has taken the initiative to provide crucial… The post HyperLiquid’s Response to JELLY Crisis: Security Upgrades, Lingering Criticisms, and the Question of Decentralization appeared first on The Blockopedia.

HyperLiquid faced a 'tough situation': Blockworks Research

This is a segment from the Empire newsletter. To read full editions, subscribe. Let’s talk about HyperLiquid.  To recap: A trader took out a relatively large short position on JELLY, then, when the short position was liquidated, HyperLiquid’s vault, HLP, took on the position to wind it down. That’s according to Blockworks Research Analyst Boccaccio. However, JELLY kept rising, which led to the HLP taking losses, so the team overrode the oracle p…

JELLY Scheme Backfires, Hyperliquid Trader May Lose $1M

A trader linked to unusual activity on the Hyperliquid exchange may be facing a loss of nearly $1 million, according to blockchain firm Arkham Intelligence.

Two weeks after being manipulated by a discreet trader, Hyperliquid is again under the spotlight. The DEX could have simply seen its safe containing the funds of its emptied users. But fortunately, the lack of decentralization can sometimes avoid the worst. The article Hyperliquid, decentralized to a certain point? Back to the attack JELLY appeared first on Cryptoast.

Binance and OKX list JELLY futures amid Hyperliquid's delisting and market manipulation fallout

Following 400%+ price pump of JELLY caused by a market manipulation incident on Hyperliquid, Binance and OKX capitalized on the volatility by listing JELLY futures, while Hyperliquid delisted the token’s perps, facing backlash over centralization concerns. After the recent market…

Hyperliquid JELLY ‘exploiter’ could be down $1M, says Arkham – #CryptoUpdatesGNIT

The trader behind recent “suspicious market activity” on Hyperliquid that led to the freeze and delisting of the Jelly my Jelly (JELLY) memecoin is potentially down almost $1 million from their actions.  Blockchain analytics firm Arkham Intelligence said in a March 26 post to X that the trader attempted to manipulate the system to profit from price movements, withdrawing collateral before Hyperliquid’s liquidation system could catch up. The trad…