Binance listing manipulated Jelly token spurs 'FTX-like' takedown rumors for Hyperliquid

Binance Futures has listed USD-margined perpetual contracts for Jelly (JELLYJELLY) amid ongoing concerns surrounding alleged market manipulation linked to HyperLiquid. Binance’s listing of jelly perpetuals occurs in a tense market environment. Concerns intensified after reports emerged implicating wallets associated with “Hyperliquid attacks” related to suspicious, highly leveraged trades funded via Binance on the Arbitrum network. […]