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BTCC / BTCC Square / Global Cryptocurrency /
Hyperliquid Defends Solvency and Transparency Amid Market Scrutiny

Hyperliquid Defends Solvency and Transparency Amid Market Scrutiny

Author:
Global Cryptocurrency
Published:
2025-12-22 13:46:03
13
1
BTCCSquare news:

Hyperliquid, a perpetuals trading platform, has issued a robust rebuttal to allegations questioning its solvency and operational integrity. The response highlights onchain transparency as a Core tenet of its operations, countering claims of financial mismanagement with verifiable blockchain data.

At the heart of the controversy was an accusation of a $362 million shortfall in collateral. Hyperliquid clarified this stemmed from an oversight in accounting for native HyperEVM USDC balances. When combined with Arbitrum bridge USDC, the total aligns precisely with user balances on HyperCore—a fact auditable onchain by any third party.

Separately, the platform dismissed claims about retroactive volume manipulation as a misunderstanding of testnet functionality. "Testnet features exist solely for development purposes," the team emphasized, noting such code cannot execute on mainnet environments where real assets are at stake.

|Square

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