Hyperliquid处理3月26日的事件，由Gracy Chen批评

高流动性是一个专门从事交易的区块链网络，为果冻代币提供了永久性期货合约，并将报销用户

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.

加密货币交易所Bitget的首席执行官Gracy Chen表示担心超流动器在3月份对其永久交流事件的处理，为潜在的“ FTX 2.0”场景奠定了基础。

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.

陈的评论是在专门用于交易的区块链网络Hyperliquid的声明之后，宣布将果冻令牌的永久期货合约推荐给用户，并计划报销用户。超流动性验证者之间的共识达成了这一决定。

"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：“尽管以大胆的视力为一种创新的分散交流，但Hyperlicid的运作更像是离岸（集中式交换）。”

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建立的加密货币交易所于2022年破产，导致Bankman-Fried被定罪了美国的欺诈行为。

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.

陈没有直接指责超流动犯罪，而是强调了她认为对这一事件的超级流动性不成熟，不道德和不专业的反应。

"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."

陈指出：“决定以良好的价格关闭$果冻市场并以良好的价格定居阵地。” “信任 - 不是资本 - 是任何交流的基础……一旦失去，几乎不可能恢复。”

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.

该事件始于Venmo联合创始人IQRAM Magdon-Ismail的Jelly Token，这是一月份的Web3社交媒体项目Jellyjelly的一部分。该代币最初达到了约2.5亿美元的市值。

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，根据Crypto Market Tracker DexScreener的数据，在随后的几周中，Jelly的价格大幅下降，到3月26日，令牌的市值已降至单位数百万。

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

那天，世界上最受欢迎的加密货币交易所Binance列出了与果冻代币相关的永久期货。

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，一位超流动的交易员在Jellyjelly上张开了60亿美元的短职位，然后通过向Jellyjelly的价格付出的链子而故意自我列出，Web3 Company AP Collective的创始人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帖子中补充说：“这种迫使超级流动以新价格结束了所有剩余的短职位。”

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

该事件引发了初始反应，高估了对超流动性的声誉风险。

"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创始人亚瑟·海斯（Arthur Hayes）在X帖子中说：“让我们停止假装超级流动性是分散的。然后停止假装交易者实际上在乎。” “打赌你$ hype又回来了，它在短期内开始，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.

根据Asset Manager Vaneck的一月份报告，Hyproliquid是最受欢迎的杠杆永久交易平台，可控制市场份额的70％。

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

与其他主要区块链相比，该平台以其相对较少的验证器而闻名。

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有两个主要验证器集，每个集合包括四个验证器。相比之下，诸如Solana和以太坊之类的竞争对手链分别得到约1,000和100万验证器的支持。

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

越来越多的验证器通常会降低一小部分内部人员操纵区块链的风险。

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

该事件还强调了超流体的独特治理结构，该结构是链和链元素的混合体。

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

这种结构允许在紧急情况下进行快速决策，但可能导致缺乏透明度和问责制。

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.

该事件引起了人们对分散交易所进行市场滥用和操纵的潜力的担忧。它还强调了信任和声誉在加密货币行业的重要性。

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.

随着尘埃对果冻事件的沉降，它将对超流动性和更广泛的加密货币生态系统产生持久影响还有待观察。但是，一件事很清楚：这一事件暴露了分散交流的一些脆弱性，并且迫切需要实施行业最佳实践来缓解这种风险。外面：出口交换位置首席执行官格雷西·陈（Gracy Chen）表示对超利于在3月份的持续交换上的处理方式的担忧，可能会在3月的阶段进行启用，以便在3月的阶段进行纽约。

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.

陈的评论是在专门从事交易的区块链网络Hyproliquid的声明之后的声明，宣布将永久性期货合同推荐给果冻令牌，并计划向用户偿还“可疑市场活动的证据”。

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.

该决定是通过超流动性相对较少的验证者共识达成的，这表明了对流行网络感知的集中化的现有担忧。

"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说：“尽管以大胆的视野为创新的分散交流，但Hyplyid的运作却更像是离岸（集中式交换）。”

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经营的加密货币交换