Decentralized Exchanges Face Growing Challenges Despite Recent Exploit

While decentralized cryptocurrency exchanges (DEXs) continue to gain traction, a recent exploit on Hyperliquid highlights the potential risks in this emerging market. A cryptocurrency whale exploited the platform’s liquidation parameters to profit nearly $6.2 million from the Jelly my Jelly (JELLY) memecoin, resulting in a major incident and renewed scrutiny of DEX infrastructure.