Bitget CEO Warns of Risks at Hyperliquid After JELLY Incident
- Bitget’s CEO, Gracy Chen, warns of potential risks at crypto platform Hyperliquid.
- A trader’s $6 million short position on JellyJelly led to significant losses for Hyperliquid.
- The JELLY token’s market cap surged from $10 million to over $50 million in under an hour.
- Gracy Chen criticized Hyperliquid’s operational structure as immature and unethical.
- Binance plans to list JELLY perpetual futures amid the ongoing controversy.
Following a major incident involving the JELLY token, Bitget CEO Gracy Chen has raised concerns about Hyperliquid’s handling of the situation and its operational integrity. The event resulted in substantial financial shifts and scrutiny from industry peers.
Source (2.6)https://cryptobriefing.com/hyperliquid-controversy-ftx-jelly-incident/?rand=59535
