#WYSTStablecoin

Another scandal has rocked Hyperliquid: a whale manipulated the JELLYJELLY token, opening a short position worth 6 million dollars, leading to the self-liquidation of the position. This forced the HLP vault to inherit a large position, resulting in unrealized losses exceeding 10 million dollars.

Hyperliquid staff intervened in the process:

- Conducted the delisting of the JELLYJELLY token,

- Closed the position forcibly at a favorable price,

- Brought the situation back to a profit of 700 thousand dollars.

In Hyperliquid's statement, they indicated that this is a clear exploitation of a vulnerability, and the actions of the team aimed to protect the users of the platform.