Breaking News! 🤖
Bitget CEO Gracy: Hyperliquid may be on track to become FTX 2.0. The way it handled the JELLY incident was immature, unethical, and unprofessional, triggering user losses and casting serious doubts over its integrity. Hyperliquid operates more like an offshore CEX with no KYC/AML, enabling illicit flows and bad actors. Its product design reveals alarming flaws: mixed vaults that expose users to systemic risk, and unrestricted position sizes that open the door to manipulation.

Read more:
https://x.com/GracyBitget/status/1904941729834557453