James Wynn drama raises concerns about transparency at Hyperliquid, with critics warning it could become “a second FTX” given prior scandals like the JELLY token manipulation in March 2025

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They raise concerns about the risk of Hyperliquid becoming “a second FTX.”
These controversies accentuate doubts about the integrity of decentralized trading platforms, highlighting the need for increased transparency in crypto exchanges.
some voices question Hyperliquid’s transparency, especially following the market manipulation scandal involving the JELLY token in March 2025.