Hyperliquid Fights Back Against Lack of Decentralization Complaints

Hyperliquid tried to pour cold water on a blazing row about its security and centralized control today. In response to criticism of handling of the addition of new validators to the Hyperliquid decentralized exchange (DEX) for perpetual futures, the Hyper Foundation tried to ease concerns that its recent expansion from four to 16 validators wasn’t transparent, and even that some validators bought their seats. The latest issue began with a Jan. 7 X post by Kam Benbrik, an employee of node operator Chorus One, which runs a Hyperliquid node. Benbrik said “validators face significant challenges” because of the chain’s lack of decentralization. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io