Bitget CEO Gracy said that Hyperliquid may have the potential to become FTX 2.0. Its handling of the JELLY incident was immature, unethical, and unprofessional, resulting in user churn and serious doubts about its integrity. Its operation is more like an offshore CEX without KYC/AML, which fuels illegal flows and bad actors. The decision to close the JELLY market and force settlement of positions at discounted prices has set a dangerous precedent. In addition, the product design of the platform has exposed worrying flaws: the hybrid vault exposes users to systemic risks, and the unrestricted position size opens the door to manipulation. Unless these issues are addressed, there may be more altcoins being used to counter Hyperliquid, which could become the next catastrophic failure for cryptocurrencies. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=40029