Kyle Samani: Multiple structural issues in the crypto industry are reflected in Hyperliquid

PANews February 8 News, former Multicoin Capital managing partner Kyle Samani posted on the X platform stating that he believes Hyperliquid reflects structural issues present in the cryptocurrency industry on multiple levels. He listed that the project’s founder had previously left their home country to develop the project; the platform has been accused of potentially being used for illegal or terrorist-related financial activities; at the same time, the project uses a closed-source architecture and has certain access control mechanisms (permissioned). However, the current statements are mainly personal opinions and comments, without specific evidence or further technical details.