The Trove operations team has been accused of having Iranian ties, a ruthless betrayal of Hyperliquid.

According to Mars Finance, on January 19th, Trove, a project planning to build a perpetual contract DEX, primarily offering leveraged trading for non-traditional assets such as collectibles, RWAs, stocks, and prediction markets, was initially positioned as a platform based on the Hyperliquid ecosystem. It completed its ICO earlier this month, raising approximately $11.5 million. During this period, the community reported controversies surrounding the project, including allegations of "paid promotion to KOLs with funds flowing to entertainment platform deposit addresses" and "repeatedly changing ICO fundraising deadlines." Recently, the project suddenly announced it was abandoning the Hyperliquid route and instead rebuilding the entire Perp DEX on Solana. Simultaneously, Trove's operators began selling off HYPE tokens. In response to community anger, the official explanation was that limited partners (LPs) decided to liquidate 500,000 HYPE positions due to "recent negative sentiment," thus altering the project's constraints. Amidst these numerous intriguing actions, on-chain analyst @eyeonchains analyzed the social media accounts associated with Trove founder unwise (@unwisecap), suggesting that the Trove operations team is likely from Iran, and possibly even from the Kurdish region. Their primary evidence lies in the fact that unwise's associated Telegram accounts contain numerous groups related to that region.