Perpetuals
Investigations tagged with this subject. A topic describes what a page is about — an attack type, a jurisdiction, a regulator, a named actor — as distinct from the source that produced it.
2 investigations on this topic
[MERGED] Consolidated into /ethena-usde on 2026-10-14. This page's content is preserved in its history.
avoid.net/jelly→62/100[CAUTIONARY]JELLY (JellyJelly / JELLYJELLY) is a Solana memecoin launched in January 2025 by Venmo co-founder Iqram Magdon-Ismail that became the center of a major market manipulation incident on Hyperliquid on March 26, 2025. A coordinated trader used a self-liquidation strategy — opening large opposing long and short positions — to force Hyperliquid's HLP liquidity vault to absorb a toxic short, causing up to $13.5 million in unrealized losses before validators emergency-delisted the token and force-settled all positions at a fixed price. The incident triggered widespread criticism of Hyperliquid's decentralization claims and raised systemic questions about perpetuals DEX risk management.