{"id":1741,"date":"2025-03-31T00:02:00","date_gmt":"2025-03-30T23:02:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=1741"},"modified":"2025-03-31T11:51:05","modified_gmt":"2025-03-31T10:51:05","slug":"hyperliquid-hype-price-plummets-risk-management","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/hyperliquid-hype-price-plummets-risk-management\/","title":{"rendered":"Hyperliquid (HYPE) Price Plummets After Risk Management Updates : What\u2019s Happening ?"},"content":{"rendered":"\n

Hyperliquid Price Plummets Following the JELLY Incident<\/strong><\/h2>\n\n\n\n

Hyperliquid<\/strong>, the decentralized crypto trading<\/a> platform<\/strong>, was gaining popularity among investors over centralized platforms. However, recent incidents have significantly tarnished its reputation and performance, raising security<\/strong> and transparency concerns.<\/p>\n\n\n\n

It all started with whales exploiting Hyperliquid’s liquidation system. An initial incident saw a Bitcoin <\/a>trader moving a $4 million<\/strong> loss by withdrawing their collateral mid-transaction. Similar cases followed, fueling concerns about the platform’s security.<\/p>\n\n\n\n

The most recent episode, dubbed the “JELLY<\/strong>” incident<\/a>, left a lasting impact. A trader deposited $7 million<\/strong> across three accounts and engaged in leveraged operations. Two accounts took long positions while the third was short. This combination led to a 400% surge in the price <\/strong>of JELLY<\/strong>, liquidating the short position and causing losses to the Hyperliquid Provider Vault (HLP).<\/p>\n\n\n\n

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After evidence of suspicious market activity, the validator set convened and voted to delist JELLY perps.

All users apart from flagged addresses will be made whole from the Hyper Foundation. This will be done automatically in the coming days based on onchain data. There is no\u2026<\/p>— Hyperliquid (@HyperliquidX) March 26, 2025<\/a><\/blockquote>