BlockBeats News, March 26th, Hyperliquid released a response on Discord stating that, following the discovery of suspicious market activity, the Validator Committee voted to delist the JELLY perpetual contract.

Aside from tagged addresses, all user losses will be fully compensated by the Hyper Foundation. Compensation will be automatically executed based on on-chain data in the coming days, without the need to submit a ticket. The specific implementation plan will be detailed in a subsequent announcement. Similar to other public chains, validators often need to collectively negotiate and take decisive action to maintain network integrity. Hyperliquid will prioritize enhancing the robustness and transparency of the voting system.

Additionally, according to records, the P&L (Profit and Loss) of HLP (Hyperliquid Protocol) in the last 24 hours is approximately 700,000 USDC. Technological improvements will be made simultaneously, and the experience from this incident will further enhance the network. More details will be announced soon.