Decentralized perpetuals exchange Hyperliquid has addressed community concerns about a wallet that was believed to be linked to the internal team selling large amounts of HYPE (HYPE).
Co-founder Iliensinc said on Hyperliquid’s Discord channel Monday that the wallet flagged by the community for shorting HYPE belongs to an ex-employee who was terminated in the first quarter of 2024.
“This individual is no longer associated with Hyperliquid Labs, and their actions do not reflect our team’s standards or values,” Iliensinc wrote, referring to the address 0x7ae4…1028.
The clarification followed weeks after community member cobe.hype claimed the address belonged to “one of the Hyperliquid team wallets” that sold about 4,000 HYPE tokens ($134,000) in a single day in…
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Source cointelegraph.com
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