Amid the JELLY token controversy, Bitget CEO Gracy Chen claimed that Hyperliquid could follow the same path as FTX
She accused the project of manipulation, lack of KYC/AML, and unethical behavior
Chen also criticized Hyperliquid’s governance and product design — saying they’re vulnerable to similar crises
But the community didn’t hold back: many pointed out that Bitget has plenty of its own issues