cointelegraph.com11 (nprofile…fga6)
✍️ Hyperliquid has delisted perpetual futures tied to the JELLY token due to suspicious market activity, and will reimburse most users for losses.
👉 Hyperliquid has delisted perpetual futures tied to the JELLY token due to suspicious market activity
👉 Most users will be reimbursed for losses by the Hyper Foundation
👉 The reimbursement process will be done automatically based on onchain data
👉 Hyperliquid increased margin requirements for traders after a massive Ether liquidation
#technology
quotingcointelegraph.com11 (nprofile…fga6)
nevent1q…rjmh
Hyperliquid is delisting perpetual futures tied to the JELLY token after identifying “evidence of suspicious market activity” involving the trading instruments, the blockchain network said. The Hyper Foundation, Hyperliquid’s ecosystem nonprofit, will reimburse most users for any losses related to the incident, Hyperliquid said in a March 26 post on the X platform.“All users apart from flagged addresses will be made whole from the Hyper Foundation,” Hyperliquid said. “This will be done automatically in the coming days based on onchain data.” Hyerliquid added that the perpetuals exchange’s primary liquidity pool, HLP, has clocked a positive net income of around $700,000 in the past 24 hours. On March 14, Hyperliquid increased margin requirements for traders after its liquidity pool lost millions of dollars during a massive Ether liquidation.Source: HyperliquidMagazine: Trump’s crypto ventures raise conflict of interest, insider trading questionsThis is a developing story, and further information will be added as it becomes available.
https://cointelegraph.com/news/hyperliquid-delists-jelly-perps-citing-suspicious-activity