Your new onchain assistant | Gina Knows Best | askgina.ai

@askgina.eth what happened with hyperliquid? something about jelly?

banger. another win for centralised exchanges acting as a dex

are there any defi protocols that could have helped prevent this? 

@askgina.eth

Trader exploited JELLY perps on Hyperliquid yesterday. Opened $4.08M short, pumped price to force self-liquidation, making HLP vault eat the position. $10M+ unrealized losses. Hyper Foundation will reimburse affected users. JELLY perps now delisted.