Blockchain News

Exposed DEX Flaws: Hyperliquid Dev Warns CEX Dominance Unsustainable After Jelly Squeeze

In the ever-evolving world of cryptocurrency, the debate between centralized exchanges (CEXs) and decentralized exchanges (DEXs) rages on. A recent incident involving the Jelly token and a short squeeze has reignited this discussion, bringing to light critical vulnerabilities within DEX platforms. Shawn, a prominent developer from the Hyperliquid ecosystem, has stepped forward to share his […]

Blockchain News

Urgent Update: Hyperliquid Compensates JELLY Traders After Shocking Liquidation, Tightens Risk Controls

In a dramatic turn of events that has sent ripples through the decentralized finance (DeFi) space, Hyperliquid, a prominent decentralized exchange (DEX), has announced a compensation plan for traders affected by a recent liquidation event involving the JELLY token. This move comes after the platform acknowledged certain flaws in its risk management protocols, signaling a […]

Blockchain News

Shocking $140M Hyperliquid Outflow Sparks Liquidity Concerns After Jelly Liquidation

Hold onto your hats, crypto enthusiasts! The decentralized exchange (DEX) Hyperliquid is making headlines, and not for the reasons you might expect. Following the recent Jelly liquidation event, the platform witnessed a staggering USDC outflow of $140 million. Yes, you read that right – $140 million! This significant movement of funds raises eyebrows and prompts […]

Blockchain News

Shocking Crypto Heist: Hyperliquid JELLY Attack Funds Uncovered at OKX & Binance

In a shocking turn of events that has sent ripples through the cryptocurrency community, recent reports have surfaced linking the funds used in the Hyperliquid JELLY attack to major cryptocurrency exchanges, OKX and Binance. This revelation, initially brought to light by on-chain analytics platform LookOnChain via X (formerly Twitter), has ignited a fresh wave of […]

Blockchain News

Urgent Crypto Relief: Hyperliquid’s Bold Move to Compensate JELLY Incident Victims

In a dramatic turn of events in the fast-paced world of decentralized finance (DeFi), Hyperliquid, a prominent decentralized exchange (DEX), has announced a decisive step to address the fallout from a recent market anomaly involving the JELLY perpetual futures contract. After detecting unusual trading patterns, Hyperliquid swiftly delisted JELLY through a validator vote, signaling a […]