JellyJelly Exposes Hyperliquid: An Illegal CEX Cloaked in Decentralized MarketingA trader used 3 wallets to deposit $7.1M, then manipulated JELLYJELLY, nuked HLP for 8 figures, and forced Hyperliquid to shut down the entire market to contain the damage.This wasn’t just an exploit — it exposed how centralized and fragile Hyperliquid actually is.Forget the decentralization marketing.This is a CEX with no compliance path.