From Mt. Gox to Hyperliquid: How crypto trading finally solved the trust problem
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Promote with Leviathan News16 validators force-settled JELLY positions at $0.0095 during a $12M exploit — same emergency lever any CEX risk desk pulls, just fewer people at the table. Even at $200B/month volume and 24 validators now, the node code is closed-source, price oracles aggregate CEX data under validator control, and there's no public governance framework. Custody moved off exchanges but the crisis playbook still reads like Binance's incident response manual.
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