On February 8th, PANews reported that Kyle Samani, former managing partner of Multicoin Capital, published an article on the X platform stating that he believes Hyperliquid reflects structural problems within the crypto industry on multiple levels. He cited several points, including the project's founders leaving their home countries to develop the project; allegations that the platform could be used for illicit or terrorist-related financial activities; and the project's closed-source architecture and permissioned access control mechanisms. However, these statements are currently primarily personal opinions and lack concrete evidence or further technical details.
