PANews reported on December 22 that Hyperliquid has responded to an article alleging problems with its solvency, integrity, and transparency, stating that the allegations are false. Hyperliquid stated:

• Solvency: The whereabouts of every dollar are traceable; the author omitted the whereabouts of HyperEVM's native USDC.
• Completeness: Testnet functionality is for testing purposes only and cannot be implemented on the mainnet.
• Transparency: Hyperliquid is more transparent and decentralized than all other major perpetual asset trading platforms. The entire system state is independently maintained by a permissionless set of validating nodes and verified by each node through BFT Proof-of-Stake consensus. Every order, transaction, and settlement is visible in real time during execution. Anyone can run a node and index the chain's state and transitions.