Response to Altcoin Scandal from the Exchange Compared to FTX: Will Pay Compensation! - Coin Bulletin

Hyperliquid announced that it will take new measures to strengthen risk management while compensating users for adverse developments related to JELLY positions at a price of 0.037555.

As a solution to the "JELLY incident" related to Hyperliquid and JELLY positions, users holding long positions were informed that their positions would be closed at a price of 0.037555. This adjustment covers all JELLY users except for those address flagged (, and they will close their positions at an advantageous price.

The platform also announced that it will take some new measures to strengthen risk management.

Among these measures are limits for Liquidator vaults )liquidator deposits(, the activation of the "short selling" )ADL( mechanism in case of certain losses, and dynamic open position limits in line with market value. Additionally, validators )validators( will decide on the delisting )delist( of assets with low liquidity from the platform.

New Risk Management Strategies

• HLP )Hyperliquid Protocol(: Tight limits will be applied for liquidator accounts, and the ADL mechanism will be triggered if a certain loss threshold is exceeded.
• Open Position Limits )OI caps(: These limits will be dynamically adjusted in accordance with market value.
• Delisting Procedures: Assets with low liquidity will be removed from the platform through voting by validators.