Hyperliquid, a popular cryptocurrency exchange, has recently announced that it will be delisting perpetual futures tied to the JELLY token due to suspicious market activity. The exchange, known for its high liquidity and advanced trading features, has identified evidence of market manipulation involving these trading instruments.

In response to this incident, the Hyper Foundation, the ecosystem nonprofit of Hyperliquid, has announced that it will reimburse most users for any losses incurred. This move showcases the exchange’s commitment to its users and their trust in the platform.

According to Hyperliquid, all users except for those with flagged addresses will be automatically reimbursed by the Hyper Foundation in the coming days. This is a positive step towards restoring the trust of its users and ensuring the integrity of the platform.

Despite this setback, Hyperliquid’s primary liquidity pool, HLP, has reported a net income of approximately $700,000 in the past 24 hours. This is a testament to the exchange’s strong performance and resilience in the face of challenges.

This is not the first time Hyperliquid has faced difficulties. In March, the exchange had to increase margin requirements for traders after its liquidity pool suffered significant losses during a massive Ether liquidation. However, the exchange has shown its ability to bounce back and continue to provide a reliable and secure trading environment for its users.

In related news, Hyperliquid has also been featured in a recent article by Cointelegraph, which raises concerns about potential conflicts of interest and insider trading involving President Trump’s cryptocurrency ventures. This further highlights the importance of transparency and ethical practices in the cryptocurrency industry.

As this is a developing story, Hyperliquid will continue to provide updates and information as it becomes available. In the meantime, the exchange remains committed to its users and their satisfaction, making it a top choice for traders looking for a trustworthy and efficient platform.