<ul><li>The crypto derivatives platform Hyperliquid is implementing risk management measures after a liquidation event involving the JELLY token.</li><li>Users holding long JELLY positions at settlement will be compensated $0.037555, while flagged accounts are not eligible for refunds.</li><li>The liquidation incident was triggered by a self-trade of 4 million USDC in JELLY at a low price, resulting in losses to Hyperliquid.</li><li>Hyperliquid is making changes to its risk management system to prevent similar incidents, including tightening control over its Liquidator vault and adjusting trading limits based on market size.</li></ul>

Hyperliquid Faces FTX 2.0 Fears After JELLY Token Crash and Liquidation Blunder

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