TechFlow news, December 22 — Hyperliquid has issued an official statement responding to recent article raising multiple allegations against its platform. The statement emphasized that Hyperliquid is built on on-chain transparency, with the platform being fully solvent and every dollar traceable and verifiable. The team pointed out that critics overlooked the existence of HyperEVM USDC, incorrectly claiming a $362 million shortfall in the system.
The statement clarified that testnet functionality is only available in testing environments and cannot be executed on the mainnet; there are no privileged users or fee exemptions on the platform; and the CoreWriter function has been misunderstood, as it cannot arbitrarily mint tokens or move user funds.
Hyperliquid stressed that as the only major perpetual contract platform where all states and transactions are fully transparent, anyone can run a node to verify on-chain status, with every order, trade, and liquidation subject to real-time verification—a level of transparency unmatched by other major trading platforms.
