- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Kyle criticized Hyperliquid, sparking a heated debate, as FWDI faced backlash due to poor performance and was mocked in retaliation.
BlockBeats News, February 9th. In a post, former Multicoin co-founder and Forward Industries (FORD) board chairman Kyle Samani criticized Hyperliquid, sparking intense community discussion. Kyle stated, "In many ways, Hyperliquid epitomizes the worst aspects of the crypto industry. The founder fled his own country to build it. Openly facilitates crime and terrorism. Has closed-source code and is permissioned."
Yunt Capital analyst Steven retorted, "Yes, Hyperliquid embodies all the downsides of cryptocurrency in most aspects. Including VC rejection, democratizing liquidity through HLP, growing the community through the largest token airdrop in history ($9 billion), and instead of pocketing some or all of the $960 million revenue from HL, it's better to use it all to buy back the token." Steven's updated data on the Hyperliquid Aid Fund buyback shows that the fund holds 40 million HYPE tokens, using long-term protocol revenue for the buyback.
Hyperliquid community member Luke Cannon mocked Kyle's role as board chairman of Solana's largest treasury company, Forward Industries (FWDI), stating, "FWDI has all the issues of DAT company, with the stock price continuing to fall after a pump, resulting in billions of investor funds going up in smoke while the team still made millions. You were directly involved in all of this, and then you try to boast about your moral superiority."
You may also like
Bitcoin Price Stalls in the Face of Stubborn $72K Barrier
Key Takeaways: Bitcoin’s price struggles to surpass the $72,000 resistance level, facing repeated rejections. Increased supply at loss…
Bitcoin Price Confronts ‘Challenging’ Cycle Phase After Failing $72K Resistance
Key Takeaways: Bitcoin remains in a tight range after failing to surpass the $72,000 resistance. Increased supply in…
Bitcoin and Gold: Examining the Shift in ETF Flows
Key Takeaways: Bitcoin ETFs recently saw an increased inflow of $273 million over 30 days ending March 6,…
Bitcoin Leads, Altcoin Indicators Hit Lows: Are We Entering an Altseason?
Key Takeaways: Bitcoin’s price resurgence to $71,000 indicates a potential market stabilization. TOTAL2, a metric excluding Bitcoin, aligns…
XRP Price Chart Mirrors 2017 Rally Setup: Implications for Future Movements
Key Takeaways: XRP’s current weekly chart echoes the 2017 cycle low, suggesting the potential for a 1,577% surge.…
Bitcoin Order Book Imbalance: Can $70K Support Hold?
Key Takeaways: Bitcoin’s sell-side liquidity is at a two-month high, reminiscent of the January 2026 scenario. Within 5%…
When Buying Bitcoin, Don’t Expect Immediate Profits: A Three-Year Outlook
Key Takeaways: Bitcoin holders benefit most significantly after a three-year period, observing substantial gains post-volatility. Investors who bought…
DOJ Investigates Binance’s Alleged Role in Iran Sanctions Evasion
Key Takeaways: The U.S. Department of Justice (DOJ) is scrutinizing Binance over possible involvement in US sanctions evasion…
Ether Rides High at $2K: Traders Eye Overhead Short Liquidity
Key Takeaways: Ether’s trading volume surges past $2,000 driven by intensified derivatives action. A fresh net inflow of…
South Korea Offloads $21.5 Million in Bitcoin Reclaimed After Custody Breach
Key Takeaways: South Korean authorities recovered and liquidated 320.8 Bitcoin following a phishing incident. The sale took place…
BitMEX Co-Founder Arthur Hayes Hesitant on Bitcoin Investment Amid Fed’s Firm Monetary Policy
Key Takeaways: Arthur Hayes, the co-founder of BitMEX, is currently holding off on investing in Bitcoin, waiting for…
SlowMist Unveils Web3 Security Shield for Autonomous AI Agents
Key Takeaways: SlowMist has designed a five-layer security system for Web3 AI agents to mitigate risks associated with…
Ripple Eyes Australian Financial License Through Strategic Acquisition
Key Takeaways: Ripple intends to obtain an Australian Financial Services License (AFSL) by acquiring BC Payments Australia. The…
VanEck Crypto ETFs Now Accessible Through Basic Capital’s 401(k) Platform
Key Takeaways: VanEck’s digital asset ETFs are now available to U.S. 401(k) holders via Basic Capital, marking a…
India Detains Darwin Labs Co-Founder amid GainBitcoin Investigation
Key Takeaways: India’s CBI has arrested Ayush Varshney, co-founder of Darwin Labs, for his involvement in the GainBitcoin…
Strive Commits $50M to Strategy’s STRC Preferred Stock
Key Takeaways: Strive Asset Management invests $50 million in STRC, a digital credit instrument connected to Strategy’s Bitcoin…
ECB Launches Appia Project to Revolutionize Tokenized Markets
Key Takeaways: The European Central Bank (ECB) has introduced the Appia project to transform Europe’s tokenized financial ecosystem…
US Seeks Forfeiture of $3.4M USDT in Crypto Scam
Key Takeaways: US prosecutors have initiated a legal process to seize $3.44 million in USDT, believed to be…
Bitcoin Price Stalls in the Face of Stubborn $72K Barrier
Key Takeaways: Bitcoin’s price struggles to surpass the $72,000 resistance level, facing repeated rejections. Increased supply at loss…
Bitcoin Price Confronts ‘Challenging’ Cycle Phase After Failing $72K Resistance
Key Takeaways: Bitcoin remains in a tight range after failing to surpass the $72,000 resistance. Increased supply in…
Bitcoin and Gold: Examining the Shift in ETF Flows
Key Takeaways: Bitcoin ETFs recently saw an increased inflow of $273 million over 30 days ending March 6,…
Bitcoin Leads, Altcoin Indicators Hit Lows: Are We Entering an Altseason?
Key Takeaways: Bitcoin’s price resurgence to $71,000 indicates a potential market stabilization. TOTAL2, a metric excluding Bitcoin, aligns…
XRP Price Chart Mirrors 2017 Rally Setup: Implications for Future Movements
Key Takeaways: XRP’s current weekly chart echoes the 2017 cycle low, suggesting the potential for a 1,577% surge.…
Bitcoin Order Book Imbalance: Can $70K Support Hold?
Key Takeaways: Bitcoin’s sell-side liquidity is at a two-month high, reminiscent of the January 2026 scenario. Within 5%…
App