<ul><li>Bitget CEO Gracy Chen criticized Hyperliquid for their handling of the $JELLY exploit, calling it immature and unethical.</li><li>Chen raised concerns about Hyperliquid's lack of KYC/AML protocols, mixed vaults, and unrestricted position sizes, warning of systemic risks and manipulation.</li><li>The crypto community mostly disagreed with Chen's comments, defending Hyperliquid's actions and criticizing her for being a direct competitor.</li><li>Critics argued that Hyperliquid showed responsible decision-making during the exploit.</li></ul>

Bitget CEO Blasts Hyperliquid’s Handling of Exploit: “May Be On Track to Become FTX 2.0”

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