Core Insights - The article discusses two recent FUD (Fear, Uncertainty, Doubt) incidents related to Hyperliquid and the company's official responses to these claims [1][2][3]. Group 1: FUD Incident One - The first incident involved a community member identifying a wallet address (0x7ae4c156e542ff63bcb5e34f7808ebc376c41028) that was selling HYPE tokens, leading to speculation that it was an insider from Hyperliquid Labs engaging in short selling [1]. - Hyperliquid clarified that the address belonged to a former employee who left the company in Q1 2024 and that their actions do not represent the team's stance [2]. Group 2: FUD Incident Two - The second incident arose from a technical audit article that claimed Hyperliquid's design allowed for significant centralization and trust assumptions, potentially posing risks in extreme scenarios [3]. - Hyperliquid responded by emphasizing its commitment to on-chain transparency and refuting the claims made in the article, asserting that every dollar has a clear counterpart and that the system is fully verifiable [5][6]. Group 3: Specific Claims and Responses - The article outlined several specific claims made against Hyperliquid, including accusations of insufficient collateral amounting to $362 million, which Hyperliquid refuted by detailing the presence of HyperEVM USDC and providing verifiable on-chain data [8]. - Hyperliquid addressed concerns regarding the integrity of its testnet functions, clarifying that these functions are solely for testing purposes and do not affect the mainnet [9]. - The company also countered claims about special privileges for certain users affecting transaction fees and a supposed "God mode" for CoreWriter, explaining the operational mechanics and governance structures in place [11][12]. Group 4: Transparency and Decentralization - Hyperliquid highlighted its unique position in the market, stating that it is the only major perpetual contract platform where the complete state and transaction history can be transparently accessed by any node operator [15][16]. - The company acknowledged the ongoing journey towards greater decentralization and plans to fully open-source its technology, balancing community value accumulation and innovation speed [17].