2026-01-07 02:33:00

Recently, there has been a lot of discussion in the community about a short address starting with 0x7ae4 on the Hyperliquid platform, with some people worried that there might be issues of centralized control behind it.

In response to this concern, the Hyperliquid team provided an explanation. According to the team, this controversial address actually belongs to a former employee who left in the first quarter of 2024. Publicly revealing this identity is, to some extent, a way to address the community's call for transparency.

This incident reflects an interesting phenomenon— as competition among exchanges intensifies, users are paying more attention to on-chain behavior tracking and project governance. Questions like who is shorting and the identity behind holdings have gradually shifted from niche discussions to community hot topics.

For Hyperliquid, proactively clarifying such doubts shows that the project team also recognizes the importance of transparency. Of course, how to strike a balance between protecting personal privacy and satisfying the community’s right to know remains a challenge that the entire industry needs to explore.

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GateUser-7b078580

· 01-08 16:00

Data shows that former employees are still withdrawing liquidity. This logic doesn't quite add up... Let's wait and see the subsequent address movements; hourly statistics can reveal clues.

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MevHunter

· 01-07 13:18

Former employee address? Now I can rest assured haha The former employee probably lost access long ago, what's there to be afraid of Transparency is easy to talk about, but really doing it is still difficult Another former employee, do I have to hear this excuse every time Hyperliquid's proactive clarification this time is pretty good, better than shifting blame On-chain brothers are really good at digging, nothing escapes their eyes Wait, is this address still active now? If they are still operating after leaving... Centralization concerns can never be fully resolved, unless there is on-chain governance, it's hard to satisfy everyone

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ZKProofEnthusiast

· 01-07 08:10

Former employee? Then wasn't it already in the works before they left?

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SnapshotBot

· 01-07 03:02

Former employees are still shorting after leaving? That logic doesn't quite add up. Come on, it's almost the end of 2024, and using "former employee" as an excuse—who would believe that? Hyperliquid's move here is just to shut people up; there's no sincerity. Transparency? That's a joke. As soon as money is involved, no one is truly transparent. Is this address still active? Talking about identity alone is useless.

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Rekt_Recovery

· 01-07 02:58

lmao so they just doxx their own ex-employee to calm the mob? that's one way to handle fud i guess

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rekt_but_resilient

· 01-07 02:58

Is it another former employee causing trouble? But at least they dare to speak out, much better than some projects. --- Wait, they left in Q1? Who's running the show now? --- Haha, the demand for transparency, to put it nicely. --- On-chain tracking is becoming more intense; there will be no privacy left in the future. --- Feels like there's some foul play. Why should we believe the official statements? --- This move scores points. Actively breaking the deadlock is much better than being exposed. --- Privacy and transparency, this contradiction can never be resolved... --- Can former employees short the market for so long? The technical team should reflect. --- By the way, why do we, the community, have to investigate this kind of thing? Shouldn't the project team proactively check? --- It's boring. I suspected from the start it was an insider.

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WhaleWatcher

· 01-07 02:47

Former employees still shorting after leaving? How much do they hate it? Haha --- It's about transparency and privacy, caught in a dilemma—truly awkward --- How is that guy @0x7ae4 doing now? Still aggressively shorting? --- Basically, he's just afraid of being exposed. These days, no one can escape on-chain detectives --- Still controlling so many positions after leaving? That's a bit unbelievable --- Anyway, I don't believe in the "former employee" story—what about the details? --- Only explaining when the heat is on. Why didn't they say anything proactively before? --- Industry transparency is getting more intense; we need to keep up with the times, everyone --- That guy must be really embarrassed now; his address is known all over the internet --- Wait, are you really sure he left? Or is he just making up a reason to fool the community?

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