#JELLYJELLYFuturesAlert Another scandal shook Hyperliquid: a whale manipulated the JELLYJELLY token by opening a short position of 6 million dollars, leading to a self-liquidation of the position. This forced the HLP fund to inherit a large position, creating unrealized losses exceeding 10 million dollars.
Hyperliquid staff intervened in the process:
- Conducted the delisting of the JELLYJELLY token,
- Forced the position to close at a favorable price,
- Returned the situation to a profit level of 700 thousand dollars.
In a statement, Hyperliquid said this is a clear exploitation of a vulnerability, and the actions of the team are aimed at protecting the users of the platform.