Hyperliquid exploitation on other protocols with other definitive protocols

The expert in Oak security explained what went wrong with the exploitation of the Jelly railway, which cost a hyperlicuid exchange of $ 10.63 million.

The reactions are still placed from exploitation that costs hyperliquid (Hype) Users exchange $ 10.63 million in losses. The reactions seem to have one thing in common, which calls hyperliquid for their practices.

Dr. Jan Jan Philipp Fritch, General Manager in Oak Security, shared his analysis Krupto.NEVS. According to Fritch, the exploitation was not caused by a beetle, but was predictable failure, the one that could represent the risk and on other protocols defi.

Jelly Exploit is the result of coordinated Market manipulation by several users. Specifically, one trader opened a short position of $ 5 million in jelly, just to remove their margin. Hyperliquid remained holding position, after which other traders coordinated a short grip.

“The attacker opened mass opposing positions, knowing that one side will collapse, and the protocol would have eaten a loss,” Dr. Jan Philipp Fritch, “Dr. Jan Philipp Fritches.

Fritches exploited as an “example of an unforeseen veg textbook”, the concept of traditional finance related to the default means of assets. He emphasized that many flow protocols remain not accepting this crucial metric risk.

Hyperliquid under fire for Jelly exploitation

This is not the first time industrial personalities criticize hyperliquid over the railway incident. After exploitation, the General Manager of Bitget Chen called the practice of exchanging “immature, unethical and unprofessional”, warning that it could Become FTX 2.0.

Although hyperlikkid promised to make up for users affected by exploitation, damage to her reputation may have already been done. More importantly, the exploitation drew attention to wider vulnerabilities in a decentralized sector of finance.

In 2024. years, he definitely exploits the cost of 308.7 million dollars in losses. It was more than a mat, which did $ 192.9 million. Only a few days after exploitation, the protocol for Jelly, Sir.Trading fell to another exploitation, losing all his total value locked $ 355,000.