HyperLiquid has announced that all individuals associated with Hyperliquid Labs, including employees and contractors, must adhere to strict conduct guidelines regarding the HYPE token. These rules include a prohibition on participating in derivatives trading and a zero-tolerance policy for insider trading. The team addressed community concerns about a short-selling address starting with 0x7ae4, clarifying that it belongs to a former employee who left in the first quarter of 2024 and is no longer affiliated with Hyperliquid Labs. The actions of this individual do not reflect the stance of the team.