Hyperliquid upgrades security following JELLY token incident
Following a trading incident involving JELLY that resulted in a $10.63 million loss, Hyperliquid has introduced additional security measures. The problem resulted from a rogue trader who self-traded a sizable JELLY position, which caused a price spike, setting off a liquidation process that led to Hyperliquid’s (HYPE) market-making vault absorbing the loss. In a Mar….

