🤑 Hyperliquid Claps Back: “We’re Not Broke, Just Misunderstood!” 😏

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In the dusty plains of the crypto frontier, where rumors spread faster than a tumbleweed in a gale, Hyperliquid has stood its ground, holster drawn, ready to fire back at the whispers of doubt. After a stampede of claims trampled its solvency, transparency, and internal controls, the perpetuals trading platform has saddled up with a detailed public response, claiming the accusations were as misguided as a cowboy in a china shop.

“Hyperliquid is built on a foundation of onchain transparency,” the team declared, their words echoing like a sheriff’s proclamation in the town square, as they addressed each claim one by one, with the precision of a sharpshooter.

This showdown comes at a time when traders across the crypto market are demanding clearer proof of reserves and stronger governance from major exchanges, like prospectors demanding gold in their hands before they dig any deeper.

The Great USDC Showdown

One of the most serious accusations claimed Hyperliquid was undercollateralized by $362 million. According to Hyperliquid, this conclusion was as flawed as a saddle with one stirrup, stemming from the oversight of native HyperEVM USDC balances.

“Every dollar is accounted for; the author failed to count native HyperEVM USDC,” the platform stated, with the confidence of a gambler holding a royal flush.

Hyperliquid explained that when both the Arbitrum bridge USDC and native HyperEVM USDC are included, the total balances amount to $4.351 billion, matching user balances on HyperCore. The team emphasized that this verification is fully onchain and independently checkable, as clear as a desert sky at noon.

Testnet Tales: A Comedy of Errors

Another claim suggested Hyperliquid could retroactively manipulate trading volume, a notion the platform dismissed as absurd as a cactus in a snowstorm. They clarified that this was based on testnet-only code, as useless on mainnet as a broken lasso.

“Testnet functions are exactly that – testnet only for testing,” Hyperliquid said, with a wink and a nod, adding that these features are used to test complex fee and volume mechanics before deployment.

According to the team, every trade and volume figure on mainnet can be verified by anyone running a node, as open as the range under the big sky.

No Special Privileges, Just the Straight Shootin’ Truth

Hyperliquid also rejected claims that certain users receive fee exemptions or that insiders could influence the HYPE airdrop, calling these accusations as baseless as a ghost town’s population count.

“There are no such mechanisms to distort fees,” the platform stated, noting that fees, trades, and the full HYPE genesis distribution are all available onchain, as transparent as a glass of sarsaparilla.

Addressing concerns around governance and control, Hyperliquid clarified that chain freezes only occur during planned network upgrades, similar to hard forks on other blockchains, as routine as a cowboy’s morning coffee.

Internal Rules: Trust, But Verify

Alongside its technical rebuttal, Hyperliquid pointed to steps taken to improve trust, like a rancher mending fences. The platform has banned employees, contractors, and team members from trading $HYPE to avoid conflicts of interest, following reports of a former employee shorting the token, a move as shady as a bandit in a dark alley.

Hyperliquid Reaffirms Strict HYPE Trading Rules@HyperliquidX team members stated on Discord that all personnel affiliated with Hyperliquid Labs, including employees and contractors, are subject to strict conduct policies regarding the $HYPE. These include a complete ban on…

– ME (@MetaEraHK) December 22, 2025

Hyperliquid also confirmed that Assistance Fund tokens – around 11% of circulating supply – have been formally recognized as permanently burned through validator consensus, removing long-standing supply concerns, as final as a sunset over the horizon.

Hyperliquid is leaning heavily on one message: its entire state is onchain, visible, and verifiable by anyone who wants to look, as open as the prairie under the watchful eye of the sun. 🌞

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2025-12-22 14:54