$BNB

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 treasury to inherit a large position, resulting in unrealized losses exceeding 10 million dollars.

Hyperliquid staff intervened in the process:

- Proceeded to delist 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 was a clear exploitation of a vulnerability, and the team's actions aimed to protect the platform's users.