BlockBeats news, on February 9, yesterday, former Multicoin co-founder Kyle Samani posted an article criticizing Hyperliquid, calling it "closed-source code that facilitates crime and terrorism." This statement was collectively rejected by most crypto professionals.
DBA co-founder Jon Charbonneau refuted point by point, stating that the founder of Hyperliquid was forced to leave his hometown due to regulation; the charge of "inciting crime and terrorism" is purely an overreach, and similar situations exist in any large financial system (including Solana, banks); "closed source" is the result of the current balance between security and competition, and many projects (including those invested by Multicoin) are the same.
The Rollup founder and Good Idea VC investor Andy emphasized that Hyperliquid is forcing the entire market to rethink token design: in the next 1-2 years, if project teams do not actively distribute revenue to users through buybacks or yields, the project's prospects will be bleak. Currently, a project's revenue, on-chain activity, real economic value, and transparent programmable cash flow are what matter most.
McKenna, a managing partner at Arete.xyz, revealed that traditional institutions are paying attention to Hyperliquid and praised HL as a model of "cash cow + community first," saying, "An 11-person team generating $800 million in revenue in 2025, all used for buybacks, is extremely rare in both crypto and traditional equity."
Echo xyz founder and crypto KOL Cobie directly mocked Kyle Samani's remarks as "jestergooning," saying that making such comments just a few days after leaving the crypto space was clownish.