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Bitget CEO slams Hyperliquid’s handling of ‘suspicious’ incident involving JELLY token

  • Gracy Chen, CEO of Bitget, criticized Hyperliquid's handling of a suspicious incident involving JELLY token.
  • Hyperliquid delisted JELLY perpetual futures contracts and planned to reimburse users due to evidence of suspicious market activity.
  • Chen raised concerns about Hyperliquid's centralization and compared it to FTX 2.0, citing the case of FTX's collapse.
  • Hyperliquid faced a similar crisis in the past caused by an intentional liquidation of a $200 million long Ether position.

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