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2025-03-27 04:03:42
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crypto.news on Nostr: crypto.news ✍️ Hyperliquid's treasury suffered losses due to a manipulated JELLY ...



✍️ Hyperliquid's treasury suffered losses due to a manipulated JELLY token price spike, leading to delisting and forced settlement.
👉 Hyperliquid's treasury suffered losses due to a manipulated JELLY token price spike
👉 The price spike was manipulated by an address identified as 0xde95
👉 The losses were absorbed by Hyperliquid's treasury, leading to delisting and forced settlement of JELLY
👉 Bitget CEO Gracy Chen criticized Hyperliquid's actions as 'immature, unethical and unprofessional'

#GracyChen #technology


Hyperliquid has seen over $340 million in USDC outflows following a controversy surrounding JELLY, a token that surged 429% before being delisted.  According to data from blockchain analytics firm Parsec, the latest outflows happened within hours of the JELLY liquidation…
https://crypto.news/hyperliquids-usdc-outflow-exceeds-340m-amid-jelly-dispute-hype-tanks-10/

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