在有争议的果冻代币事件中进行有争议的处理后，超流动可能会成为FTX 2.0

Bitget的首席执行官Gracy Chen今天警告说，在有争议地处理果冻代币事件后，加密货币交易平台超级流动的潜在风险。

Bitget CEO Gracy Chen has issued a stark warning about the potential risks at crypto trading platform Hyperliquid following the controversial handling of the JELLY token incident.

Bitget首席执行官Gracy Chen在有争议地处理果冻代币事件后，对加密货币交易平台超级流动的潜在风险发出了明显的警告。

Taking to X on Sunday, Chen penned a thread to share her "thoughts" on the unfolding saga, which saw the platform hit with a massive loss after a trader liquidated a large position.

周日，陈在X上，撰写了一条线，分享了她在展开的传奇上分享她的“想法”，该平台在交易员清算了一个大职位后遭受了巨大的损失。

The Bitget CEO began by saying that Hyperliquid "may be on track to become FTX 2.0" following a series of missteps.

BITGET首席执行官首先说，在一系列失误之后，Hyperliquid“可能正在成为FTX 2.0”。

"The way it handled the $JELLY incident was immature, unethical, and unprofessional, triggering user losses and casting serious doubts over its integrity," Chen wrote.

Chen写道：“它处理$果冻事件的方式是不成熟的，不道德的，不专业的，引发了用户损失，并对其完整性产生了严重的怀疑。”

The platform faced turmoil after a trader opened and deliberately self-liquid liquidated a $6 million short position on JellyJelly (JELLY), a new token that launched on March 22. The move forced Hyperliquid to absorb substantial losses.

该平台在一名交易员开设并故意自我液体的情况下面临动荡，在3月22日推出的新代币jellyjelly（Jellyjelly）上清算了600万美元的短职位。此举迫使超级流动性吸收了大量损失。

The token’s market cap surged from approximately $10 million to over $50 million in under an hour due to the forced squeeze.

由于强迫挤压，代币的市值从大约1000万美元飙升至一个小时以上的超过5000万美元。

The incident unfolded as the token price plummeted to nearly zero following the liquidation, and the system began liquidating other traders to recover the funds.

清算后，由于令牌价格下降到近乎零，并且该系统开始清算其他商人以收回资金。

However, the rapid liquidation cascade led to a chain reaction, ultimately resulting in Hyperliquid bearing a significant portion of the loss.

然而，快速清算级联反应导致链反应，最终导致多个损失的大部分损失。

The CEO went on to criticize Hyperliquid’s operational structure, stating:

首席执行官继续批评超流动性的运营结构，并指出：

“Despite presenting itself as an innovative decentralized exchange with a bold vision, Hyperliquid operates more like an offshore CEX with no KYC/AML, enabling illicit flows and bad actors.”

“尽管以大胆的愿景表现为一种创新的分散交流，但Hyperliqu的运作更像是一个没有KYC/AML的离岸CEX，可以使非法流动和不良演员。”

Chen highlighted structural concerns about Hyperliquid’s platform, including “mixed vaults that expose users to systemic risk, and unrestricted position sizes that open the door to manipulation.”

Chen强调了有关超流油平台的结构性关注，其中包括“将用户暴露于系统性风险的混合拱顶以及打开操纵之门的不受限制位置大小。”

The Bitget CEO concluded her thoughts by saying that while the incident was "unfortunate," it could have been avoided with better risk management practices and a deeper understanding of the potential consequences of their actions.

BITGET首席执行官总结说，她的想法是说，尽管事件是“不幸的”，但可以通过更好的风险管理实践和对其行动的潜在后果有更深入的了解来避免这种情况。

Earlier this week, Binance announced plans to list JELLY perpetual futures amid the controversy, which some users interpreted as a move to target Hyperliquid’s position.

本周早些时候，Binance宣布了在争议中列出果冻永久未来的计划，一些用户将其解释为针对超级流动性位置的举动。