{"id":92504,"date":"2025-12-22T13:24:16","date_gmt":"2025-12-22T10:24:16","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=92504"},"modified":"2025-12-22T13:25:17","modified_gmt":"2025-12-22T10:25:17","slug":"hyperliquid-denies-insider-trading-allegations","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/hyperliquid-denies-insider-trading-allegations\/","title":{"rendered":"Hyperliquid Denies Insider Trading Allegations"},"content":{"rendered":"<p>The co-founder of the decentralized exchange <a href=\"https:\/\/forklog.com\/en\/news\/the-price-of-popularity-and-a-lesson-for-all-hyperliquid\">Hyperliquid<\/a>, known by the pseudonym Iliensinc, <a href=\"https:\/\/discord.com\/channels\/1029781241702129716\/1030197017655394447\/1452511033758580828\">attributed<\/a> the activity of a suspicious wallet to the actions of a former employee. Previously, the community had accused the team of covertly selling native HYPE tokens.<\/p>\n<p>According to Iliensinc, the address 0x7ae4\u20261028 belongs to an individual who was dismissed in the first quarter of 2024. This user is no longer associated with Hyperliquid Labs.<\/p>\n<p>The clarification followed accusations from a community member using the pseudonym cobe.hype. In November, he discovered that approximately 4,000 HYPE, worth $134,000, had been sold from the specified wallet within a day.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">One of the Hyperliquid team wallets that sold 1,200 <a href=\"https:\/\/twitter.com\/search?q=%24HYPE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$HYPE<\/a> yesterday (0x7ae4c156e542ff63bcb5e34f7808ebc376c41028) is TWAP selling more than 3,700 <a href=\"https:\/\/twitter.com\/search?q=%24HYPE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$HYPE<\/a> ($110k+) and still adding more to the TWAP sell order.<a href=\"https:\/\/t.co\/ycHSEvaD6w\">https:\/\/t.co\/ycHSEvaD6w<\/a> <a href=\"https:\/\/t.co\/qoMntwjV8i\">pic.twitter.com\/qoMntwjV8i<\/a><\/p>\n<p>\u2014 cobe.hype (@codeboc_eth) <a href=\"https:\/\/twitter.com\/codeboc_eth\/status\/1995274201289125911?ref_src=twsrc%5Etfw\">November 30, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The platform&#8217;s co-founder reiterated the company&#8217;s strict ethical standards. Current employees and contractors are prohibited from:<\/p>\n<ul class=\"wp-block-list\">\n<li>trading derivatives on the HYPE token (opening longs or shorts);<\/li>\n<li>using or passing insider information to third parties.<\/li>\n<\/ul>\n<p>Hyperliquid maintains its leadership in the perpetual contracts segment. In the second quarter of 2025, trading volume on the platform exceeded $653 billion, with a market share of 73%.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-ad0e99f1ce901bb0-1614757373500396.webp\" alt=\"Screenshot 2025-12-22 125511\" class=\"wp-image-272237\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.coingecko.com\/research\/publications\/2025-q2-crypto-report\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>In November, Hyperliquid <a href=\"https:\/\/forklog.com\/en\/news\/hyperliquid-halts-transactions-amid-meme-coin-manipulation-concerns\">suspended<\/a> deposits and withdrawals amid suspicions of price manipulation of the meme coin POPCAT.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The co-founder of Hyperliquid, known as Iliensinc, attributed the activity of a suspicious wallet to a former employee. Previously, the community accused the team of selling HYPE.<\/p>\n","protected":false},"author":1,"featured_media":92505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Hyperliquid co-founder Iliensinc explains suspicious wallet activity as actions of a former employee.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1464,787,1823,596],"class_list":["post-92504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-accusations","tag-dex","tag-hyperliquid","tag-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"159","promo_type":"1","layout_type":"1","short_excerpt":"Hyperliquid co-founder Iliensinc explains suspicious wallet activity as actions of a former employee.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=92504"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92504\/revisions"}],"predecessor-version":[{"id":92506,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92504\/revisions\/92506"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/92505"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=92504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=92504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=92504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}