#Hyperliquid may be on track to become #FTX 2.0. The way it handled the $JELLY incident was immature, unethical, and unprofessional, triggering user losses and casting serious doubts over its integrity. Despite presenting itself as an innovative decentralized exchange with a bold vision, Hyperliquid operates more like an offshore CEX with no KYC/AML, enabling illicit flows and bad actors. The decision to close the $JELLY market and force settlement of positions at a favorable price sets a dangerous precedent. Trust—not capital—is the foundation of any exchange (CEX and DEX alike), and once lost, it’s almost impossible to recover. Moreover, the platform's product design reveals alarming flaws: mixed vaults that expose users to systemic risk, and unrestricted position sizes that open the door to manipulation. Unless these issues are addressed, more altcoins may be weaponized against Hyperliquid—putting it at risk of becoming the next catastrophic failure in crypto.

Mar 26, 2025 · 5:01 PM UTC

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Replying to @GracyBitget
Funny how a CEO of a centralized exchange dares to lecture anyone on ethics and transparency. Your platform thrives in the shadows: where insider trading, hidden liquidations, and backroom deals are the norm. You speak of trust, yet your users need to trust that you're not misusing their funds, because they can't verify a damn thing. That's the entire CEX model: “Trust us, we promise.” Meanwhile on Hyperliquid, CODE is the policy. Every vault, every trade, every liquidation IS on-chain, in real-time, for anyone to audit. No insider trading. No fake volumes. No mysterious hacks where millions disappear and nobody goes to jail. You call it immature? No: it's disruptive. It's what your kind fears the most: a future where your middleman monopoly becomes irrelevant. So before pointing fingers, clean your own house. Because from where we’re standing, CEXs like yours aren't the future: they’re the problem, and belong to the past. Alright buddy. Hyperliquid.
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Replying to @GracyBitget
hyperliquid
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Replying to @GracyBitget
Hyperliquid has some clear flaws that Gracy pointed out. If the HL community takes it as criticism, Bitget is actually helping unlike other exchanges that are trying to throw Hyperliquid under the bus:
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Replying to @GracyBitget
didn't even bother reading but aren't you guys the exchange that @chameleon_jeff called out for having shitty practices? LMFAOOOOOOO Hyperliquid
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Replying to @GracyBitget
Gracy how can you talk about the future when you’re still using hashtags? Hyperliquid
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Replying to @GracyBitget
From this post: -BGB down 0.3% -HYPE up 37% -Bitget gets drained for millions -HLP up a million Thank you for your bottom signal, your sacrifice was indeed helpful. Now shut up and get the fuck out of crypto
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Replying to @GracyBitget
bitget lulz
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Replying to @GracyBitget
I'm sorry Jeff decided not to trade on your exchange
jeff.hl
@chameleon_jeff
5 Apr 2023
1/ Huge respect for Dragonfly continuing to invest in the bear market. But I'm morally obliged to call out sketchy projects gaining momentum. As a community we must preempt large scale implosions like #FTX or #LUNA that set the industry back years Bitget may be the next FTX 🧵
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Replying to @GracyBitget
Shitty CEXs like yours can't compare to HL, that's why you're trying to destroy it Hyperliquid.
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Replying to @GracyBitget
Lol. CEXs are complaining. U guys are scared.
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Replying to @GracyBitget
Do you know how stupid you sound. You don’t even use hypeerliquid enough to have an opinion.
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Replying to @GracyBitget
we are still in the bull market, plz no FTX yet, wait for bear
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pvp.trade
@pvp_dot_trade
27 Mar 2025
The War on Hyperliquid (4K, Colorized)
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Replying to @GracyBitget
Hi Gracy I am excited for your next post addressing the $100m hack on Bitget
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Replying to @GracyBitget
When Bybit was hacked, Bitget swooped in to help without hesitation. However, Hyperliquid's model clearly has some flaws which Gracy pointed out for the care of the crypto space.
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Replying to @GracyBitget
lol shutup
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Replying to @GracyBitget
tell that to your customers
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Replying to @GracyBitget
Pretending Bitget doesn't have a closet full of skeleton is hilarious. Awful exchange. Literally your teams tried to scam me. 😂
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Replying to @GracyBitget
Bitget is totally shitty CEX
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Replying to @GracyBitget
Alright buddy
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L take
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Replying to @GracyBitget
if butthurt would be a tweet this would be it
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Replying to @GracyBitget
The scam wick brigadeers have entered the room.
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Replying to @GracyBitget
Nobody cares about bitget bruh. You literally have a 1 thousand dollar bounty for the most critical bugs.
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jeff.hl
@chameleon_jeff
5 Apr 2023
Replying to @chameleon_jeff
2/ About half a year ago we tried HFT on Bitget and quickly noticed their matching engine is dishonest. I'll give specific examples later in the thread. I later learned from an ex-Bitget team member that they handled retail taker flow by just B-Booking through an internal desk.
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You and the CEXs are the problem in this space Hyperliquid.
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Replying to @GracyBitget
Like you did with $TOKEN ? Listing it on spot when you didn’t have the underlying/permission and then “compensating” users at a fraction of market price because of your own greed
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Replying to @GracyBitget
1) WHAT
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Replying to @GracyBitget
it all makes sense now.
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Replying to @GracyBitget
This sounds like something that an affiliate of a centralized exchange would say.
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@IfindRetards get in here
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Replying to @GracyBitget
You boredom bitget..wait hyperliquid typhoon is coming to scoop you manipulator CEXs
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