Could Hyperliquid’s Actions in the JELLY Controversy Spark Another FTX-Like Collapse?

Hyperliquid (HYPE) is facing heightened scrutiny after a market manipulation incident involving the JELLY token. The platform’s response to the crisis has raised concerns about the effectiveness of its risk control mechanisms. Some industry leaders are warning that Hyperliquid may be heading down a dangerous path, with comparisons being drawn to the collapse of FTX in 2022. This centralized exchange failed due to mismanagement and a lack of transparency source: https://beincrypto.com/hyperliquid-jelly-token-market-manipulation/