HyperLiquid has delisted the low-liquidity meme coin $JELLY following a recent vulnerability exploit. This incident resulted in a significant drop of over $340 million in USDC reserves, reigniting discussions on the balance between decentralization and centralization in decentralized exchanges.
The community expressed divided opinions, with some criticizing HyperLiquid for mimicking centralized platforms, while others commended its security measures. The attack reflects the ongoing challenges decentralized exchanges face, prompting calls for stronger regulatory scrutiny and technological improvements.
Despite the decline in trading volume and market value, insights suggest that increased scrutiny on decentralized operations may influence future regulatory approaches.
Full story here: https://coincu.com/329410-hyperliquid-meme-coin-incident
