FTX崩溃留下的伤口尚未愈合，它的幽灵再次困扰着加密货币宇宙。

这次，聚光灯是在超级流动式上，是华丽的炒作令牌的发行人。果冻代币周围操纵的案例刚刚使脊椎发冷

The wounds left by the collapse of FTX are not yet healed, and already, its specter haunts the crypto universe again. This time, the spotlight is on Hyperliquid, the issuer of the flamboyant HYPE token. A case of manipulation surrounding the JELLY token has just sent chills down the spine, awakening painful memories of unregulated finance.

FTX崩溃留下的伤口尚未愈合，它的幽灵再次困扰着加密货币宇宙。这次，聚光灯是在超级流动式上，是华丽的炒作令牌的发行人。围绕果冻代币操纵的案例刚刚使脊椎发冷，唤醒了不受管制的金融的痛苦记忆。

Hyperliquid shaken by the loss of 13.5 million: the JELLY crypto becomes a nightmare

因损失1,350万的震撼而震撼：果冻加密成为一场噩梦

The scenario seems written to disturb. On Hyperliquid, a crypto trader opens a short position of 6 million dollars against the JELLY token, freshly listed. Until then, nothing unprecedented in the world of perpetual contracts. But the story takes a turn when the trader, in a gesture as cynical as it is effective, triggers their own liquidation by artificially pumping the token’s price. The consequence? A chasm of 13.5 million dollars for the platform’s “vault”.

这种情况似乎是为了打扰。在Hyperliquid上，加密货币交易员对刚上市的果冻代币打开了600万美元的短股。在此之前，永久合同世界中没有任何空前的事。但是，当交易者以愤世嫉俗的态度虽然有效，故事就会转弯，从而通过人为地抽出代币的价格触发了自己的清算。结果？该平台的“金库”的鸿沟为1350万美元。

In a statement published on X, Hyperliquid acknowledges its faults:

在X上发表的一份声明中，Hyperliquid承认其错误：

"We take responsibility for what happened and are working to improve our risk management systems. The loss of the vault has been covered. This should never have happened."

“我们对所发生的事情负责，并正在努力改善我们的风险管理系统。已经涵盖了保险库的损失。这绝对不应该发生。”

A welcome clarity, but insufficient to stifle the unease. The crypto community is grumbling. Doubt settles in. How can a platform supposed to symbolize the future of decentralized finance fall for such blatant traps? To this question, no code audit will respond.

令人欢迎的清晰度，但不足以扼杀不安。加密社区正在抱怨。怀疑会解决。一个平台应该如何象征着分散的财务未来的这种公然陷阱？对于这个问题，任何代码审核都不会响应。

This is a question of governance, vigilance, and unfulfilled promises. And already, some investors speak of a “mini FTX disguised as a DEX.”

这是一个治理，警惕和未实现的承诺的问题。而且，一些投资者已经谈到了“被伪装成Dex的迷你FTX”。

Binance in turmoil: between risky crypto listings and evasion strategy

动荡中的binance：在风险的加密货币清单和逃避策略之间

The JELLY affair does not stop at the borders of Hyperliquid. Binance, the crypto market giant, has also found itself in the storm. The JELLY token had been listed shortly before the affair exploded. Two communication posts were then hastily deleted. Simple crisis management or disguised panic?

果冻的恋情并没有停止在超级流动的边界。加密市场巨头Binance也发现了自己的风暴。事件发生前不久，果冻代币已被列出。然后匆忙删除了两个通讯站。简单的危机管理还是伪装的恐慌？

No one responds, and the silence resonates as an admission.

没有人做出回应，沉默引起了共鸣。

Gracy Chen, CEO of Bitget, did not mince words:

Bitget首席执行官Gracy Chen并没有刺激言语：

"The delisting of JELLY without explanation is a red alert. Centralized or decentralized platforms owe transparency and accountability to their community."

“没有解释的果冻是红色的警报。集中或分散的平台应归功于其社区的透明度和问责制。”

The comparison with FTX does not take long to flourish, with troubling elements:

与FTX的比较并不需要很长时间，令人不安的元素：

The crypto trader behind the squeeze is now in the red, with an estimated loss of over 1 million dollars.

挤压背后的加密交易者现在处于红色状态，估计损失超过100万美元。

In an ecosystem where trust is the rarest commodity, the slightest misstep goes viral. And the Binance platform, already under the watchful eye of regulators, did not need this new episode to undermine its reputation.

在信任是最稀有商品的生态系统中，丝毫失误流行了。而且Binance平台已经在监管机构的关注之下，不需要这一新剧集来破坏其声誉。

The JELLY affair acts here as a revealer. What was to be just another memecoin becomes the fuse of a global controversy.

果冻事件在这里充当揭露者。只是另一个模因成为全球争议的融合。

In the crypto universe, memory is vivid and recent scars

在加密货币宇宙中，记忆是生动的，最近的伤痕

It only takes a misplaced tweet, a poorly managed crypto, or a security lapse for the crypto universe to tip over. Investors’ memory is short but vivid. And the wounds left by FTX still bleed. For the JELLY affair does not just evoke a mistake. It evokes a structural flaw, a blind spot that technology alone cannot fill.

它只需要放错位置的推文，管理不善的加密货币或加密宇宙的安全性。投资者的记忆很短但生动。 FTX留下的伤口仍然流血。因为果冻事件不仅唤起了一个错误。它唤起了一个结构性缺陷，这是一个仅凭技术无法填补的盲点。

Hyperliquid, despite a hybrid architecture praised for its speed, suffers from a more insidious evil: a cruel lack of developers and validators to keep pace with a growing ecosystem. Without manpower to enhance security, audit smart contracts, and evolve the protocol, promises unravel.

尽管以其速度称赞了混合建筑，但仍有一个更阴险的邪恶：残酷缺乏开发人员和验证者，无法与日益增长的生态系统保持同步。没有人力来增强安全性，审核智能合约并发展协议，就会承诺解散。

Some observers are already comparing the affair to a remake of FTX, with differences in scenery but similarities in substance:

一些观察者已经将事件与FTX的翻拍进行了比较，风景差异，但物质相似之处：

“We thought we had learned the lessons. We thought projects would have strengthened their defenses. But here the flaw opens again, gaping, in a jelly token that has become too slippery for crypto control.”

“我们认为我们已经学到了这些教训。我们认为项目会加强他们的防御能力。但是，在这里的缺陷再次打开，张开，在果冻代币中变得太滑了，无法进行加密控制。”

Hyperliquid, propelled by a still-performing HYPE crypto and an attractive technical architecture, remains under the spotlight. But will it avoid disaster? In a world where bugs, betrayals, or absences of developers can tip everything over, a single spark is enough to ignite the fire.

超流动性，受到仍然表现不佳的炒作加密和有吸引力的技术体系结构的推动，仍然是焦点。但是它会避免灾难吗？在一个虫子，背叛或开发人员缺席的世界中，单个火花足以点燃火。

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