- Hyperliquid responds to JELLY market concerns with on-chain validator voting and increased transparency.
- HYPE ($26.18) Open Interest shows recovery as the market regains confidence after risk management upgrades.
Hyperliquid [HYPE] acted swiftly after a series of suspicious market movements led to JELLY perpetual contracts being delisted.
The move, carried out by the platform’s validator set, was to protect traders and maintain trust.
In order to offset users’ losses, the Hyper Foundation committed to paying affected traders—excluding flagged addresses—via on-chain data. Hyperliquid confirmed the decision on March 27 through a tweet on X.
Bitget’s Gracy Chen through her recent tweet however condemned the action by comparing the action to the FTX tragedy. She questioned the decentralization of Hyperliquid and the vault management as well.
In response to this, Hyperliquid made substantial risk management upg...
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