#JELLYJELLYFuturesAlert JELLYJELLYFuturesAlert Another scandal has shaken Hyperliquid: a whale manipulated the token JELLYJELLY, opening a short position worth 6 million dollars, which led to the forced liquidation of the position. This forced the HLP fund to inherit a large position, generating unrealized losses exceeding 10 million dollars.
The Hyperliquid staff intervened in the process:
- Proceeded to cancel the listing of the token JELLYJELLY,
- Closed the position forcibly at a favorable price,
- Brought the situation to a profit of 700 thousand dollars.
In their statement, Hyperliquid claimed that this is a clear exploitation of a vulnerability, and that the team's actions aim to protect the platform's users.