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Hyperliquid Denies $362M Shortfall and Insider Trading Allegations

Hyperliquid Denies $362M Shortfall and Insider Trading Allegations

Author:

Global Cryptocurrency

Published:

2025-12-22 18:21:02

9

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BTCCSquare news:

Hyperliquid, a decentralized perpetual futures exchange, faces scrutiny after security researcher Bölük alleged a $362 million USDC shortfall and insider trading risks. The claims, based on reverse-engineering Hyperliquid's mainnet binary, suggest hidden backdoor functions and centralized control.

Hyperliquid refuted the accusations on X, emphasizing on-chain transparency and decentralization. The exchange asserts all trades and balances are verifiable by node operators, framing the controversy as a misunderstanding of its technical architecture.

The debate highlights growing tensions between transparency ideals in decentralized finance and the technical complexities underlying perpetual futures platforms. Market observers await further forensic analysis of Hyperliquid's chain data.

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