Hyperliquid delisted JELLY perp futures after detecting market manipulation that caused risk to the vault

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Claim

Description

Hyperliquid delisted JELLY perpetual futures after detecting “evidence of suspicious market activity” that caused substantial risk to the HLP vault.

Event date

Mar 26, 2025 - 9:00am

Quotes that support claims

Hyperliquidity Provider (HLP), a market making vault that is a part of derivatives exchange HyperLiquid, faced a grueling loss after a trader allegedly manipulated the price of the JELLY token
Hyperliquid is delisting perpetual futures tied to the JELLY token after identifying “evidence of suspicious market activity” involving the trading instruments
After evidence of suspicious market activity, the validator set convened and voted to delist JELLY perps

Related projects

Hyperliquid

Tags

03/26/2025
Week 13 of 2025