Bitget News: Bitget CEO Slams Hyperliquid Over JELLY Token Debacle

In a recent development in the cryptocurrency space, Bitget CEO Gracy Chen has publicly criticized Hyperliquid for its handling of a controversial JELLY token incident, raising significant concerns about the decentralized exchange’s integrity and professionalism.

Bitget CEO Criticizes Hyperliquid Over JELLY Token Incident

Gracy Chen, the CEO of Bitget, has criticized Hyperliquid for its handling of the JELLY token incident. After Hyperliquid removed JELLY amid an estimated $10.6 million loss and a liquidation threat, Chen labeled the decentralized exchange’s actions as ‘immature, unethical, and unprofessional.’ Chen argued that the losses and how the situation was handled raise questions about the exchange’s integrity, comparing it to operating like an offshore centralized exchange with no know-your-customer or anti-money-laundering checks. Despite promising to compensate impacted users, Chen’s criticism highlights the need for greater transparency and professionalism in the decentralized exchange space.

Bitget Daily Digest (March 31) | Trump’s Tariff Countdown & Market Updates

The U.S. Chicago Purchasing Managers’ Index (PMI) for March will be released today. Four.Meme will update its liquidity pool by transitioning to PancakeSwap V2. zksync concludes Season 1 of its ’Ignite’ incentive program. Terraform Labs opens its claims portal for crypto asset losses, with a filing deadline of April 30. Markets are closely monitoring the upcoming reciprocal tariffs by Trump, which may take effect soon, making April 2 a potential turning point for global asset prices, particularly in sensitive industries like automobiles, pharmaceuticals, and semiconductors.