PANews reported on February 8th that Kyle Samani, former managing partner of Multicoin Capital, published an article on the X platform stating that he believes Hyperliquid reflects structural problems within the crypto industry on multiple levels. He cited several points, including: the project's founders having left their home countries to develop the project; allegations that the platform could be used for illicit or terrorist-related financial activities; and the project's closed-source architecture and permissioned access control mechanisms. However, these statements are currently primarily personal opinions and lack concrete evidence or further technical details.