Hyperliquid處理3月26日的事件，由Gracy Chen批評

高流動性是一個專門從事交易的區塊鍊網絡，為果凍代幣提供了永久性期貨合約，並將報銷用戶

Gracy Chen, CEO of cryptocurrency exchange Bitget, expressed her concerns regarding Hyperliquid's handling of an incident on its perpetual exchange in March, setting the stage for a potential "FTX 2.0" scenario.

加密貨幣交易所Bitget的首席執行官Gracy Chen表示擔心超流動器在3月份對其永久交流事件的處理，為潛在的“ FTX 2.0”場景奠定了基礎。

Chen's comments followed a statement by Hyperliquid, a blockchain network specializing in trading, announcing the delisting of perpetual futures contracts for the JELLY token and planned reimbursements to users. This decision was reached by consensus among Hyperliquid's validators.

陳的評論是在專門用於交易的區塊鍊網絡Hyperliquid的聲明之後，宣布將果凍令牌的永久期貨合約推薦給用戶，併計劃報銷用戶。超流動性驗證者之間的共識達成了這一決定。

"Despite presenting itself as an innovative decentralized exchange with a bold vision, Hyperliquid operates more like an offshore [centralized exchange]," Chen remarked, adding that Hyperliquid may be on track to become FTX 2.0.

Chen表示：“儘管以大膽的視力為一種創新的分散交流，但Hyperlicid的運作更像是離岸（集中式交換）。”

FTX, the cryptocurrency exchange founded by Sam Bankman-Fried, went bankrupt in 2022, leading to Bankman-Fried's conviction for fraud in the US.

FTX是由Sam Bankman Fried建立的加密貨幣交易所於2022年破產，導致Bankman-Fried被定罪了美國的欺詐行為。

Chen did not directly accuse Hyperliquid of any legal transgressions but highlighted what she considered to be Hyperliquid's immature, unethical, and unprofessional response to the incident.

陳沒有直接指責超流動犯罪，而是強調了她認為對這一事件的超級流動性不成熟，不道德和不專業的反應。

"The decision to close the $JELLY market and force settlement of positions at a favorable price sets a dangerous precedent," Chen noted. "Trust—not capital—is the foundation of any exchange ... and once lost, it’s almost impossible to recover."

陳指出：“決定以良好的價格關閉$果凍市場並以良好的價格定居陣地。” “信任 - 不是資本 - 是任何交流的基礎……一旦失去，幾乎不可能恢復。”

The incident began with the launch of the JELLY token by Venmo co-founder Iqram Magdon-Ismail as part of a Web3 social media project called JellyJelly in January. The token initially reached a market capitalization of around $250 million.

該事件始於Venmo聯合創始人IQRAM Magdon-Ismail的Jelly Token，這是一月份的Web3社交媒體項目Jellyjelly的一部分。該代幣最初達到了約2.5億美元的市值。

However, in the ensuing weeks, JELLY's price dropped significantly, and by March 26, the token's market cap had fallen to the single-digit millions, according to data from crypto market tracker DexScreener.

但是，根據Crypto Market Tracker DexScreener的數據，在隨後的幾周中，Jelly的價格大幅下降，到3月26日，令牌的市值已降至單位數百萬。

On that day, Binance, the world's most popular cryptocurrency exchange, listed perpetual futures tied to the JELLY token.

那天，世界上最受歡迎的加密貨幣交易所Binance列出了與果凍代幣相關的永久期貨。

The same day, a Hyperliquid trader opened a massive $6 billion short position on JellyJelly and then deliberately self-liquidated by pumping JellyJelly's price on-chain, according to Abhi, founder of Web3 company AP Collective.

同一天，一位超流動的交易員在Jellyjelly上張開了60億美元的短職位，然後通過向Jellyjelly的價格付出的鍊子而故意自我列出，Web3 Company AP Collective的創始人Abhi表示。

"This forced Hyperliquid to close out all remaining short positions at the new price," Abhi added in an X post.

Abhi在X帖子中補充說：“這種迫使超級流動以新價格結束了所有剩餘的短職位。”

The incident sparked initial reactions that overestimated the reputational risks to Hyperliquid.

該事件引發了初始反應，高估了對超流動性的聲譽風險。

"Let's stop pretending hyperliquid is decentralized. And then stop pretending traders actually care," BitMEX founder Arthur Hayes said in an X post. "Bet you $HYPE is back where it started in short order cause degens gonna degen."

Bitmex創始人亞瑟·海斯（Arthur Hayes）在X帖子中說：“讓我們停止假裝超級流動性是分散的。然後停止假裝交易者實際上在乎。” “打賭你$ hype又回來了，它在短期內開始，原因是degen degen。”

Hyperliquid is the most popular leveraged perpetuals trading platform, controlling about 70% of the market share, according to a January report by asset manager VanEck.

根據Asset Manager Vaneck的一月份報告，Hyproliquid是最受歡迎的槓桿永久交易平台，可控制市場份額的70％。

The platform is known for its relatively small number of validators compared to other major blockchains.

與其他主要區塊鏈相比，該平台以其相對較少的驗證器而聞名。

Hyperliquid has two main validator sets, each comprising four validators, according to L2Beat. In contrast, rival chains such as Solana and Ethereum are supported by approximately 1,000 and 1 million validators, respectively.

L2Beat表示，Hyperliquid有兩個主要驗證器集，每個集合包括四個驗證器。相比之下，諸如Solana和以太坊之類的競爭對手鍊分別得到約1,000和100萬驗證器的支持。

A higher number of validators generally reduces the risk of a small group of insiders manipulating the blockchain.

越來越多的驗證器通常會降低一小部分內部人員操縱區塊鏈的風險。

The incident also highlighted the unique governance structure of Hyperliquid, which is a hybrid of on-chain and off-chain elements.

該事件還強調了超流體的獨特治理結構，該結構是鍊和鏈元素的混合體。

This structure allows for rapid decision-making in urgent situations but can lead to a lack of transparency and accountability.

這種結構允許在緊急情況下進行快速決策，但可能導致缺乏透明度和問責制。

The incident has raised concerns about the potential for market abuse and manipulation on decentralized exchanges. It also underscores the importance of trust and reputation in the cryptocurrency industry.

該事件引起了人們對分散交易所進行市場濫用和操縱的潛力的擔憂。它還強調了信任和聲譽在加密貨幣行業的重要性。

As the dust settles on the JELLY incident, it remains to be seen what lasting impact it will have on Hyperliquid and the broader cryptocurrency ecosystem. However, one thing is clear: the incident has exposed some of the vulnerabilities of decentralized exchanges and the urgent need for industry best practices to be implemented to mitigate such risks in the future.output: Cryptocurrency exchange Bitget CEO Gracy Chen expressed her concerns regarding Hyperliquid's handling of an incident on its perpetual exchange in March could set the stage for a potential "FTX 2.0" scenario, her post on X reads.

隨著塵埃對果凍事件的沉降，它將對超流動性和更廣泛的加密貨幣生態系統產生持久影響還有待觀察。但是，一件事很清楚：這一事件暴露了分散交流的一些脆弱性，並且迫切需要實施行業最佳實踐來緩解這種風險。外面：出口交換位置首席執行官格雷西·陳（Gracy Chen）表示對超利於在3月份的持續交換上的處理方式的擔憂，可能會在3月的階段進行啟用，以便在3月的階段進行紐約。

Chen's comments followed a statement by Hyperliquid, a blockchain network specializing in trading, announcing the delisting of perpetual futures contracts for the JELLY token and planned reimbursements to users after identifying "evidence of suspicious market activity" tied to the instruments.

陳的評論是在專門從事交易的區塊鍊網絡Hyproliquid的聲明之後的聲明，宣布將永久性期貨合同推薦給果凍令牌，併計劃向用戶償還“可疑市場活動的證據”。

The decision, which was reached by consensus among Hyperliquid's relatively small number of validators, flagged existing concerns about the popular network's perceived centralization.

該決定是通過超流動性相對較少的驗證者共識達成的，這表明了對流行網絡感知的集中化的現有擔憂。

"Despite presenting itself as an innovative decentralized exchange with a bold vision, Hyperliquid operates more like an offshore [centralized exchange]," Chen said, after saying "Hyperliquid may be on track to become FTX 2.0."

Chen說：“儘管以大膽的視野為創新的分散交流，但Hyplyid的運作卻更像是離岸（集中式交換）。”

FTX was a cryptocurrency exchange run by Sam Bankman-Fried, who was convicted of fraud in the US after FTX

FTX是由Sam Bankman Fried經營的加密貨幣交換