Hyperliquid responds to false accusations: The Hyperliquid blockchain is fully verifiable, and the claim of insolvency is misleading.

Odaily Planet Daily reports that Hyperliquid issued a statement on the X platform, responding to several allegations in recent articles, stating that Hyperliquid is built on the foundation of on-chain transparency.

Regarding solvency, Hyperliquid states that the blockchain state is complete and verifiable; the author omitted HyperEVM USDC. Currently, there are a total of 4.351 billion USDC on HyperCore, and the system's solvency can be verified against user balances.

Regarding the manipulation of trading volume, Hyperliquid clarifies that this feature is only available on the testnet for edge case testing and cannot be executed on the mainnet. Furthermore, the genesis distribution of HYPE tokens and the historical behavior of each address can be verified on-chain, and there is no mechanism to manipulate airdrops.

Regarding permissions and security, Hyperliquid states that the CoreWriter specification is fully open source and does not support token minting or unsigned movement of user funds. Regarding oracle prices, Hyperliquid explains that it uses a weighted median of prices submitted by multiple validators to ensure solvency during periods of high volatility. Currently, Hyperliquid consists of 24 validators executing the same state machine under BFT consensus rules, and it will be fully open source in the future.