Hyperliquid response: The committee has voted to remove JELLY, and user losses will be fully compensated by the foundation

According to BlockBeats, on March 26th, Hyperliquid posted a response on Discord stating that after discovering suspicious market activity, the validator committee voted to remove the JELLY perpetual contract. Except for the marked address, all user losses will be fully compensated by the Hyper Foundation. Compensation will be automatically executed based on on on chain data in the coming days, without the need to submit a work order. The specific implementation plan will be explained in detail in subsequent announcements. Similar to other public chains, validators often need to collectively negotiate and take decisive action to maintain network integrity. Hyperliquid will prioritize upgrading the robustness and transparency of the voting system. According to records, the current 24-hour net profit and loss of HLP (Hyperliquid protocol) is approximately 700000 USDC. Technological improvements will be promoted synchronously, and the experience of this event will make the network more perfect. More details will be announced soon.