Hyperliquid Denies Insider Trading Allegations

[madtrader]

Hyperliquid Labs has strongly denied insider trading claims after community concerns arose over a wallet allegedly shorting the HYPE token. The wallet in question, 0x7ae4c156e542ff63bcb5e34f7808ebc376c41028, does not belong to any current employee or contractor.

Hyperliquid confirmed the individual controlling the wallet was terminated in early 2024, long before the recent token activity. The firm also reinforced its strict internal policies banning all derivatives trading by team members and maintaining zero tolerance for insider trading.

The clarification aims to maintain trust as HYPE’s ecosystem continues to grow.

[johnblockbuster]

Seems like the alleged HYPE short was just an ex-employee doing their own thing long after leaving the company