Hyperliquid responds to transparency concerns, emphasizing that on-chain solvency is fully verifiable.

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According to Deep Tide TechFlow news, on December 22, Hyperliquid officially released a statement in response to recent articles questioning multiple aspects of its platform. The statement emphasized that Hyperliquid is built on the foundation of on-chain transparency, with the platform being fully collateralized, and every dollar can be traced and verified. The official pointed out that critics overlooked the existence of HyperEVM USDC and falsely claimed that the system lacked $362 million.

The statement clarifies that the testnet features are only for testing environments and cannot be executed on the mainnet; the platform has no privileged users or fee exemptions; the CoreWriter feature has been misunderstood, and it cannot arbitrarily mint tokens or move user funds.

Hyperliquid emphasizes that as the only major perpetual contract platform with complete transparency of all states and transactions, anyone can run a node to validate on-chain states, and every order, transaction, and settlement can be verified in real-time, which is a transparency advantage not possessed by other major trading platforms.

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