<ul><li>Hyperliquid, a decentralized exchange, faced an exploit involving the Jelly Token, resulting in over $12 million in losses for the Hyperliquidity Provider (HLP).</li><li>HYPE token dropped 14% at its lowest point, currently trading at $14.23.</li><li>Hyperliquid plans to reimburse affected users, excluding flagged accounts, through the Hyper Foundation.</li><li>The exploit involved a trader depositing $7.167 million and manipulating JELLY token prices through leveraged trades, exposing HLP to substantial losses.</li></ul>

HYPE Token Drops 14% After Multi-Million Dollar Hyperliquid Exploit

Discover more