HyperLiquid Faces Market Manipulation Again, Raises Security Concerns

The decentralized trading platform HyperLiquid is facing yet another market manipulation incident that has raised concerns regarding its security protocols and risk management. This event follows a similar occurrence just weeks ago, raising doubts about the platform’s ability to safeguard its users from such malicious activities. 0xde95, an address linked to a short position in $JELLY tokens on HyperLiquidX, appears to be responsible for this latest incident.