Hyperliquid removes honeymoon in the middle of a market manipulation charge, it promises a refund

Hyperliquid was created due to 10.63 million dollars due to a sudden 230% increase in $ ate, which led to delisting and compensation for the token compensation for affected users.

Hyperliquid (Hyper) The vault automatically took a short position of $ 5 million in jelly, which escalated in an unrealized loss of about $ 10.63 million as Token price increased within an hour, reaching $ 0.16004.

That Jelliva price closer $ 0.17, a hyperliquid treasure could face liquidation, with potential losses estimated at $ 240 million.

Doubtedly tilted price spike when the result is a coordinated market manipulation. Address that is reportedly identified as 0kde95 opened an essential short position of 430 million Jelli tokens on a hyperlikuidk platform.

Shortly afterwards, the same entity removed his margin, which led to a liquidation of $ 4.5 million short positions, which took over the hyperlicuid vault. At the same time, the newly created wallet, 0x20E8, opened a long position in jelly, who further affects the market.

Delisting $ Jelly

In response to these events, a hyperlicious validity committee voted to be nested with jelly with the platform. The token was forcibly settled at $ 0.0095 to prevent further losses, and hyperliquid quotes a clear exploit and the need to protect HLP users.

The platform has settled the short positions on the original working price of 0.0095 USD, helping to avoid additional damage. Hyperliquid is provided to users that funds remain safe and confirmed that the hyper foundation will fully compensate for users whose wallets are not marked.

“All users except the marked addresses will be all of the hyper foundation.”

These reason provoked discussions about the decentralization of the platform.

Arthur Haies, a significant figure in the Cryptocurne, commented on the situation, stating, “stop pretending that hyperliquid decentralized … I bet the hype will soon return to the square, because the fall will continue to dismiss.”