Bitget CEO Criticizes Hyperliquid's Response to JELLY Token Controversy

BitGet CEO Slams HyperLiquid, Jelly Perps for Delisting

In a scathing statement, BitGet CEO Arthur Tang has lambasted HyperLiquid and Jelly Perps for their decision to delist their tokens from the cryptocurrency exchange.

The move, which was announced earlier this week, has sent shockwaves through the cryptocurrency community, with many users taking to social media to express their outrage and disappointment.

According to Tang, the delisting is a "blatant example of market manipulation" and a "clear attempt to harm the reputation of BitGet and its users."

"We will not stand idly by while these malicious actors seek to undermine the integrity of our exchange and the trust of our users," Tang said in a statement. "We have always been committed to providing a fair and transparent trading environment, and we will not hesitate to take action against anyone who seeks to undermine that commitment."

The dispute between BitGet and HyperLiquid/Jelly Perps centers around allegations of market manipulation and wash trading, which Tang claims were used to artificially inflate the price of the tokens and then dump them on unsuspecting traders.

"We have reason to believe that the delisting was a premeditated attempt to create a false narrative about the tokens and then profit from the resulting market volatility," Tang said. "We will not tolerate such behavior on our exchange, and we will take all necessary steps to protect our users and the integrity of our market."

The move by HyperLiquid and Jelly Perps has sparked widespread outrage among cryptocurrency traders, with many calling for the exchange to take action against the delisted tokens.

"This is a clear example of market manipulation and wash trading," said one trader, who wished to remain anonymous. "I'm shocked that BitGet would allow such behavior to occur on their exchange. I hope they take swift action to rectify the situation."

In response to the delisting, BitGet has announced that it will be conducting a thorough investigation into the matter and taking all necessary steps to protect its users and the integrity of its market.

"We will not hesitate to take action against anyone who seeks to undermine the integrity of our exchange and the trust of our users," Tang said. "We are committed to providing a fair and transparent trading environment, and we will not tolerate any behavior that seeks to undermine that commitment."