I woke up to find several founders passionately arguing. Kyle Samani (Ford board member) criticized Hyperliquid as "the worst example in the crypto industry." He cited issues such as founders fleeing their home countries, facilitating crime, and its closed-source and licensed code. A Yunt Capital analyst stated that Hyperliquid rejected VC funding, democratized market making through HLP, conducted the largest airdrop in history (approximately $9 billion), and used protocol revenue for buybacks rather than cashing out the team. Community member Luke Cannon sarcastically commented on FWDI, where Kyle was formerly chairman, noting that its stock price surged and then plummeted, resulting in huge losses for investors while the team profited, yet they turned around and accused others of "moral issues." twitter.com/Bqlsj2023/status/2...
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