HyperLiquid Delists JELLY After Vault Squeezed in $13M Tussle

HyperLiquid delisted JELLY perpetuals after a trader exploited thin liquidity on DEXs to manipulate the token’s price, causing the HLP vault’s unrealized losses to reach $13.5 million. The exchange force-closed positions, prompting a 20% drop in HYPE and regulatory scrutiny.

Mar 26, 2025 - 9:00am