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News Explorer — Hyperliquid Token Falls Again Amid Renewed Security Concerns

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Jan 8, 2:01 pm
Coindesk

Hyperliquid Token Falls Again Amid Renewed Security Concerns

Hyperliquid, a blockchain with a derivatives exchange, faced criticism for centralization concerns and closed-source code issues raised by Kam Benbrik. Benbrik highlighted the risk of a single entity controlling the majority of staked HYPE tokens, potentially leading to network control.

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