Hyperliquid says ex-employee responsible for HYPE token shorting

cointelegraphPublicado em 2025-12-22Última atualização em 2025-12-22

Resumo

Hyperliquid co-founder Iliensinc clarified on Discord that a wallet accused of shorting the HYPE token belonged to a former employee terminated in Q1 2024, not a current team member. The address sold around 4,000 HYPE tokens ($134,000) in a single day. Iliensinc emphasized that all employees and contractors are prohibited from derivatives trading involving HYPE or using material non-public information. Despite a 24% price drop this year, HYPE has risen 290% since its November 2024 launch. Arthur Hayes recently praised Hyperliquid as this cycle’s “best story,” noting its growth from $2–3 to over $60 at its peak. The platform dominated the perp DEX market with $653 billion volume in Q2 2025.

Decentralized perpetuals exchange Hyperliquid has addressed community concerns about a wallet that was believed to be linked to the internal team selling large amounts of HYPE (HYPE).

Co-founder Iliensinc said on Hyperliquid’s Discord channel Monday that the wallet flagged by the community for shorting HYPE belongs to an ex-employee who was terminated in the first quarter of 2024.

“This individual is no longer associated with Hyperliquid Labs, and their actions do not reflect our team’s standards or values,” Iliensinc wrote, referring to the address 0x7ae4...1028.

The clarification followed weeks after community member cobe.hype claimed the address belonged to “one of the Hyperliquid team wallets” that sold about 4,000 HYPE tokens ($134,000) in a single day in November.

Employees and contractors are bound by “strict ethical standards”

In the Discord post, Iliensinc said that Hyperliquid Labs maintains a strict trading policy designed to ensure that its team operates with a “level of accountability that sets a benchmark for the industry.”

“All individuals associated with Hyperliquid Labs, including employees and contractors, are bound by strict ethical standards regarding the HYPE token,” the co-founder wrote.

Source: Discord

Hyperliquid specifically prohibits employees and contractors from derivatives trading involving HYPE, which includes shorting or going long on the token, Iliensinc wrote.

The co-founder added that trading based on "material non-public information” is “fundamentally prohibited,” and that the restriction extends to sharing such information with third parties.

HYPE dubbed “best story” this cycle by Arthur Hayes, despite 24% drop this year

Founded in late 2022, Hyperliquid has grown to command a dominant share of the perp DEX market.

The platform handled at least $653 billion in trading volume in Q2, 2025, representing roughly 73% of the perp DEX market, according to CoinGecko.

CoinGecko’s Q2 2025 industry report. Source: CoinGecko

Arthur Hayes, who co-founded BitMEX and helped popularize perpetual contracts in crypto, recently described Hyperliquid as the “best story” of this cycle so far. He noted that HYPE launched at “two or three bucks” in November 2024 before “ripping all the way to $60.”

HYPE has experienced notable volatility in 2025, hitting an all-time high near $60 in mid-September before subsequent sell-offs. At the time of publication, HYPE was trading at $25.40, down about 24% over the past year but up about 290% since launch, according to CoinGecko.

Perguntas relacionadas

QWho did Hyperliquid identify as responsible for the HYPE token shorting activity?

AHyperliquid identified an ex-employee, who was terminated in Q1 2024, as responsible for the HYPE token shorting.

QWhat specific trading activities involving HYPE are prohibited for Hyperliquid employees and contractors?

AHyperliquid prohibits employees and contractors from any derivatives trading involving HYPE, which includes both shorting and going long on the token.

QWhat was the community's initial concern regarding the wallet address 0x7ae4...1028?

AThe community was concerned that the wallet address belonged to a Hyperliquid team member and had sold approximately 4,000 HYPE tokens (worth $134,000) in a single day in November.

QHow did Arthur Hayes, co-founder of BitMEX, describe Hyperliquid?

AArthur Hayes described Hyperliquid as the 'best story' of this cycle so far, noting its significant growth from launching at a few dollars to reaching $60.

QWhat is Hyperliquid's market share in the perpetual DEX market according to CoinGecko's Q2 2025 report?

AAccording to CoinGecko's Q2 2025 report, Hyperliquid commanded roughly 73% of the perpetual DEX market, handling at least $653 billion in trading volume.

Leituras Relacionadas

Ripple’s RLUSD Lands In Mastercard’s Stablecoin Settlement Expansion

Mastercard is expanding its stablecoin settlement capabilities, adding Ripple's RLUSD alongside other regulated stablecoins like USDC and PYUSD. This move allows issuers and acquirers to settle card transactions using digital assets on various blockchains, including Ethereum, Solana, and the XRP Ledger. The enhancement introduces intraday, weekend, and holiday settlement options, aiming to provide more flexibility, especially for cross-border payments and treasury operations. Mastercard positions this as a network-level addition that complements existing processes, with initial support focused on the US and Latin America. Ripple views RLUSD's inclusion as validation for regulated stablecoins in institutional payment infrastructure, highlighting the growing demand for faster, always-on settlement.

bitcoinistHá 50m

Ripple’s RLUSD Lands In Mastercard’s Stablecoin Settlement Expansion

bitcoinistHá 50m

Fei-Fei Li's Team Clarifies the Concept of 'World Models', Sora Merely a Renderer

"World Models" has become a widely used yet confusing term in AI. To address this, a team led by Fei-Fei Li and World Labs proposed a functional taxonomy based on the Partially Observable Markov Decision Process framework. This taxonomy categorizes systems called "world models" into three distinct projections: Renderers, Simulators, and Planners. Renderers, like OpenAI's Sora and other video generation models, focus on producing photorealistic visual outputs for human perception. They prioritize visual fidelity over physical accuracy. Simulators, such as NVIDIA Omniverse, aim to compute precise future environmental states for computational tasks like engineering analysis or digital twins. Planners, like Vision-Language-Action models, take in observations and goals to output executable actions for robots or agents. The article clarifies that most current "world models," including Sora, are primarily Renderers. They generate convincing visuals but lack the core ability to simulate state transitions based on actions, a key requirement for a true world model in classic reinforcement learning definitions. This conceptual confusion has practical implications, leading to potential misalignment in technology selection, investment, and public understanding of AI capabilities. Clear categorization is crucial. It helps enterprises avoid costly mistakes (e.g., using a renderer for robot training), allows investors to accurately assess markets, and enables researchers to build comparable benchmarks. While future systems may integrate these functions, recognizing current boundaries is essential for honest assessment and progress.

marsbitHá 1h

Fei-Fei Li's Team Clarifies the Concept of 'World Models', Sora Merely a Renderer

marsbitHá 1h

From Web3 to AI Agent: Veteran Crypto VC Variant Bets $300 Million on Pivot

Variant Fund has announced the launch of Variant 4, a new $222 million early-stage venture fund. Its investment thesis has evolved from "digital ownership" to a broader theme of "sovereignty," focusing on technologies that enhance user agency—the control individuals have over their lives, assets, and identity. The firm distinguishes between mere automation and systems that genuinely empower users, emphasizing that the key question is who ultimately benefits: the user or the platform. This new framework encompasses Variant's existing investments in areas like public blockchains (Ethereum, Solana), developer infrastructure, decentralized finance (e.g., Uniswap), and consumer applications. It also informs recent early bets on projects such as Honcho (for self-custodial AI agent memory), Octet (cryptographic verification of physical location), and here.now (an "agent cloud" for owning and composing generative content). Variant's core mission remains to back founders building technologies that expand user sovereignty, moving towards an internet where users possess unprecedented agency rather than being the product.

marsbitHá 1h

From Web3 to AI Agent: Veteran Crypto VC Variant Bets $300 Million on Pivot

marsbitHá 1h

Solana Explosive Growth Pushes Its Monthly Perps Volume Beyond Prior Records

Despite bearish market conditions and price volatility, Solana is demonstrating significant strength in its derivatives market. The network's monthly perpetual futures volume has surged to a new record, exceeding $76.7 billion in May 2026—a 34% increase from the previous high. This growth reflects heightened speculative activity and trader engagement. Analysts note that perpetual contracts are becoming crucial financial primitives, with Solana positioning itself as a network for genuine on-chain price discovery and execution. Concurrently, Solana is experiencing a massive increase in stablecoin activity, processing over $79.9 billion in stablecoin volume in one week, underscoring its role as a major hub for on-chain liquidity and transactions.

bitcoinistHá 1h

Solana Explosive Growth Pushes Its Monthly Perps Volume Beyond Prior Records

bitcoinistHá 1h

Bloomberg Uncovered: How Do China's Wealthy Circumvent the Annual $50,000 Limit to Transfer Assets?

**Summary: How Wealthy Chinese Circumvent $50,000 Annual Foreign Exchange Limits** Despite China's strict capital controls, including an annual $50,000 per person foreign exchange quota, an estimated $150 billion in funds still leaves the country annually via various gray and underground channels. This report outlines the evolution of China's "capital wall" and the methods used to bypass it. **The Evolving Capital Controls:** * **Foundation (1994):** The system of "current account convertibility with strict capital account controls" was established. * **Quota Set (2007):** The $50,000 individual annual forex purchase limit was formalized. * **Crackdown Begins (2015-2017):** Following market volatility, enforcement tightened. Banks were required to scrutinize transactions, and channels like using UnionPay cards for Hong Kong insurance premiums or buying overseas property were blocked. * **Digital & Legal Upgrades (2024-2026):** Enhanced algorithms now flag suspicious patterns (e.g., "smurfing"). The Common Reporting Standard (CRS) provides Chinese tax authorities with data on citizens' offshore accounts. Unlicensed cross-border brokers have been targeted. **Five Primary Methods for Moving Capital:** 1. **Underground Banking / "Hawala" (Duiqiao):** The largest-scale method. No money crosses borders. Clients pay RMB to a domestic account; an overseas associate deposits equivalent foreign currency into the client's offshore account. Risks include high fees, account freezes, and legal penalties. 2. **"Smurfing" or "Ant Moving":** Using multiple individuals' $50,000 quotas to pool funds for one offshore recipient. Increasingly detected by anti-money laundering algorithms. 3. **Trade Invoice Manipulation:** Businesses over-invoice imports or under-invoice exports via offshore shell companies, creating a pretext to transfer excess funds abroad under the guise of trade. 4. **Channel Migration:** After a crackdown on internet brokers, funds flow toward more compliant but costly channels like major banks' cross-border wealth management services or Qualified Domestic Institutional Investor (QDII) quotas. 5. **Structural Arrangements:** High-net-worth individuals use complex, high-cost legal structures involving offshore trusts, insurance, and investment migration programs to transfer asset ownership. **Regulatory Response: Focusing on People, Not Just Money** The current strategy extends oversight from enterprises to **individual residents**. Tools like CRS allow retroactive visibility into offshore assets. Cryptocurrencies, once seen as a potential loophole, are now actively monitored and prosecuted as an illegal channel. The underlying driver remains: with significant wealth concentrated among millions of affluent households seeking diversification amid domestic economic shifts, the incentive to move assets offshore persists despite regulatory barriers.

marsbitHá 1h

Bloomberg Uncovered: How Do China's Wealthy Circumvent the Annual $50,000 Limit to Transfer Assets?

marsbitHá 1h

Trading

Spot
Futuros

Artigos em Destaque

Como comprar BILL

Bem-vindo à HTX.com!Tornámos a compra de Billions Network (BILL) simples e conveniente.Segue o nosso guia passo a passo para iniciar a tua jornada no mundo das criptos.Passo 1: cria a tua conta HTXUtiliza o teu e-mail ou número de telefone para te inscreveres numa conta gratuita na HTX.Desfruta de um processo de inscrição sem complicações e desbloqueia todas as funcionalidades.Obter a minha contaPasso 2: vai para Comprar Cripto e escolhe o teu método de pagamentoCartão de crédito/débito: usa o teu visa ou mastercard para comprar Billions Network (BILL) instantaneamente.Saldo: usa os fundos da tua conta HTX para transacionar sem problemas.Terceiros: adicionamos métodos de pagamento populares, como Google Pay e Apple Pay, para aumentar a conveniência.P2P: transaciona diretamente com outros utilizadores na HTX.Mercado de balcão (OTC): oferecemos serviços personalizados e taxas de câmbio competitivas para os traders.Passo 3: armazena teu Billions Network (BILL)Depois de comprar o teu Billions Network (BILL), armazena-o na tua conta HTX.Alternativamente, podes enviá-lo para outro lugar através de transferência blockchain ou usá-lo para transacionar outras criptomoedas.Passo 4: transaciona Billions Network (BILL)Transaciona facilmente Billions Network (BILL) no mercado à vista da HTX.Acede simplesmente à tua conta, seleciona o teu par de trading, executa as tuas transações e monitoriza em tempo real.Oferecemos uma experiência de fácil utilização tanto para principiantes como para traders experientes.

183 Visualizações TotaisPublicado em {updateTime}Atualizado em 2026.06.02

Como comprar BILL

O que é ATWO

I. Introdução ao ProjetoArena Two é uma plataforma interativa descentralizada que permite aos fãs desempenhar um papel ativo e tokenizado nos resultados de eventos em tempo real. Ao contrário dos modelos tradicionais de transmissão que reduzem os fãs a espectadores passivos, a Arena Two utiliza a tecnologia blockchain para permitir que os fãs votem diretamente em tempo real e influenciem os resultados em campo.II. Informação sobre o TokenNome do token: ATWO(Arena Two)III. Links RelacionadosWebsite：https://arenatwo.com/Exploradores：https://basescan.org/token/0x499D35eBE6cEe9B2Ac35Fd003fcBbeeB9CFc7B32Twitter：https://x.com/arenatwoXNota: A introdução ao projeto provém dos materiais publicados ou fornecidos pela equipa oficial do projeto, que é apenas para referência e não constitui aconselhamento de investimento. A HTX não se responsabiliza por quaisquer perdas diretas ou indiretas resultantes.

161 Visualizações TotaisPublicado em {updateTime}Atualizado em 2026.06.02

O que é ATWO

Como comprar ATWO

Bem-vindo à HTX.com!Tornámos a compra de Arena Two (ATWO) simples e conveniente.Segue o nosso guia passo a passo para iniciar a tua jornada no mundo das criptos.Passo 1: cria a tua conta HTXUtiliza o teu e-mail ou número de telefone para te inscreveres numa conta gratuita na HTX.Desfruta de um processo de inscrição sem complicações e desbloqueia todas as funcionalidades.Obter a minha contaPasso 2: vai para Comprar Cripto e escolhe o teu método de pagamentoCartão de crédito/débito: usa o teu visa ou mastercard para comprar Arena Two (ATWO) instantaneamente.Saldo: usa os fundos da tua conta HTX para transacionar sem problemas.Terceiros: adicionamos métodos de pagamento populares, como Google Pay e Apple Pay, para aumentar a conveniência.P2P: transaciona diretamente com outros utilizadores na HTX.Mercado de balcão (OTC): oferecemos serviços personalizados e taxas de câmbio competitivas para os traders.Passo 3: armazena teu Arena Two (ATWO)Depois de comprar o teu Arena Two (ATWO), armazena-o na tua conta HTX.Alternativamente, podes enviá-lo para outro lugar através de transferência blockchain ou usá-lo para transacionar outras criptomoedas.Passo 4: transaciona Arena Two (ATWO)Transaciona facilmente Arena Two (ATWO) no mercado à vista da HTX.Acede simplesmente à tua conta, seleciona o teu par de trading, executa as tuas transações e monitoriza em tempo real.Oferecemos uma experiência de fácil utilização tanto para principiantes como para traders experientes.

81 Visualizações TotaisPublicado em {updateTime}Atualizado em 2026.06.02

Como comprar ATWO

Discussões

Bem-vindo à Comunidade HTX. Aqui, pode manter-se informado sobre os mais recentes desenvolvimentos da plataforma e obter acesso a análises profissionais de mercado. As opiniões dos utilizadores sobre o preço de A (A) são apresentadas abaixo.

活动图片

Categorias popularesright-arrow

Etiquetas Popularesright-arrow