Hyperliquid delists JELLY perps, citing "suspicious" activity

Hyperliquid has delisted JELLY perpetual futures after suspicious trading activity, with most users set to be automatically reimbursed.

Hyperliquid is delisting perpetual futures tied to the JELLY token after identifying “evidence of suspicious market activity” involving the trading instruments, the blockchain network said. 

The Hyper Foundation, Hyperliquid’s ecosystem nonprofit, will reimburse most affected users for any losses related to the incident, Hyperliquid said in a March 26 post on the X platform.

“All users apart from flagged addresses will be made whole from the Hyper Foundation,” Hyperliquid said. “This will be done automatically in the coming days based on onchain data.” 

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