Hyperliquid has addressed recent misinformation regarding its financial practices, firmly denying ten allegations, including claims of under-collateralization and undisclosed lending activities. The cryptocurrency exchange emphasized that all fees and transactions are recorded on-chain, ensuring verifiability and transparency. In a move to reinforce its commitment to transparency, Hyperliquid announced plans for gradual decentralization and the eventual open-sourcing of its platform. This initiative underscores the firm's dedication to maintaining trust and openness within the crypto community.