Hyperliquid Labs clarifies shorting incident: it belongs to a former employee account, validators' votes are about to determine life and death.

[Coin World] Regarding the suspicious wallet that shorted HYPE discovered by the community, Hyperliquid Labs has recently provided an explanation — this Address actually belongs to a former employee who left in the first quarter of 2024.

This clarification statement comes at a timely moment. With December 24th coming to an end, the validator votes are about to be finalized, and the weight of this vote is significant - it involves the permanent destruction of nearly $1 billion worth of HYPE tokens from circulation.

From a temporal perspective, the tension between the insider trading allegations and the official clarifications has indeed sparked considerable discussion. On one hand, there is community oversight of on-chain trading behaviors, while on the other hand, there is the project team's responsibility for the actions of former employees. This also reflects the balance issue of transparency and trust within the DEX ecosystem—while all on-chain operations are visible, the interpretation of information and judgment of motives still require clear responses from official sources.