《Hyperliquid Team Clarification: Is Centralized Control Present?》Regarding the short address starting with 0x7ae4 mentioned by the community, the Hyperliquid team stated that the address belongs to a former employee who left in the first quarter of 2024 and currently has no association with Hyperliquid Labs, and their actions do not represent the team's position; fees paid by any address are verifiable on-chain, and every transaction and its paid fees or earned rebates are transparently indexed by nodes, API services, and third-party analysis tools; on Hyperliquid, the entire system state is on-chain, which means 24 validators execute the same state machine under BFT consensus rules, and there is still substantial work to be done on the path toward greater decentralization. Read the full article: