Hyperliquid has tightened trading rules after its liquidity pool (HLP) took a $4 million hit during a whale liquidation event, but its front-running altcoin may have ultimately benefited.

whichHyperliquidity 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.

Gracy Chen, CEO of cryptocurrency exchange Bitget, criticized Hyperliquid’s handling of a March 26 incident on its perpetual exchange, saying it put the network at risk of becoming “FTX 2.0 ...

On March 12, 2025, Hyperliquid, a decentralized exchange (DEX), faced a massive $4 million loss after a trader used 50x leverage to create a $270 million Ether (ETH) long position from a $10 ...