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Binance and OKX listed JELLY perpetual futures shortly after Hyperliquid delisted the token, driving speculative trading interest
Hyperliquid’s native token HYPE dropped by up to 22% during the JELLY manipulation event
Hyperliquid’s forced market closure and off-market settlement drew legal scrutiny, with Newfound Research CEO Corey Hoffstein questioning the legality of the move, and comparisons raised to the 2022 Mango Markets exploit

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Hyperliquid delisted JELLY perps following market manipulation and vault losses

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