❗️ Hyperliquid delists JELLY futures after suspicious activity
The Hyperliquid platform has removed perpetual futures on the JELLY token after detecting manipulative trading involving a $6 million position. Most users will receive automatic compensation from the Hyper Foundation, except for those whose addresses were flagged as suspicious 🔎
The incident adds to a series of challenges for the exchange, which previously suffered major losses from forced ETH liquidations
🤔 In response, Hyperliquid raised margin requirements to 20% for certain positions
