Kyle Samani, former co-founder of Multicoin and chairman of Forward Industries, has sparked a heated debate in the crypto community with his criticism of Hyperliquid. Samani accused Hyperliquid of embodying significant issues within the crypto industry, including facilitating crime and terrorism, and criticized its closed-source code and licensing requirements. In response, Yunt Capital analyst Steven acknowledged Hyperliquid's drawbacks but highlighted its efforts to democratize market making and its substantial token airdrop. Steven noted that Hyperliquid's support fund holds 40 million HYPE tokens, using protocol revenue for long-term repurchases. Meanwhile, Hyperliquid community member Luke Cannon criticized Samani's involvement with Forward Industries, accusing it of financial mismanagement and questioning Samani's moral stance.