HyperLiquid Faces Market Manipulation Crisis: Security Concerns Flare

HyperLiquid, a decentralized trading platform, is once again embroiled in a market manipulation controversy. This incident follows closely on the heels of a similar event that caused significant losses for the platform earlier this year. This time, a sudden surge in the price of $JELLY tokens triggered a major loss of funds and exposed vulnerabilities within the platform’s security protocols and risk management systems. Blockchain analytics firm Arkham Intelligence has shed light on the details of the manipulation scheme.