Hyperliquid delisted JELLY perp futures after detecting market manipulation that caused risk to the vault

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Name

Hyperliquid delisted JELLY perp futures after detecting market manipulation that caused risk to the vault

Description

Hyperliquid delisted JELLY perpetual futures after detecting “evidence of suspicious market activity” that caused substantial risk to the HLP vault.

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Event date

9:00am, Wednesday, March 26, 2025

Quotes that support claims

After evidence of suspicious market activity, the validator set convened and voted to delist JELLY perps

Hyperliquidity Provider (HLP), a market making vault that is a part of derivatives exchange HyperLiquid, faced a grueling loss after a trader allegedly manipulated the price of the JELLY token

Hyperliquid is delisting perpetual futures tied to the JELLY token after identifying “evidence of suspicious market activity” involving the trading instruments

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Week 13 of 2025

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Crypto news