Hyperliquid issued a statement on the X platform, responding to several allegations in recent articles, emphasizing that its blockchain is built on on-chain transparency. Regarding solvency, Hyperliquid stated that the blockchain's state is complete and verifiable, and the authors omitted HyperEVM USDC. Currently, there are a total of 4.351 billion USDC on HyperCore, and the system's solvency can be verified against user balances. Regarding transaction volume manipulation, Hyperliquid clarified that such functionality is only available on the testnet for edge case testing and cannot be executed on the mainnet. Furthermore, the genesis distribution of HYPE tokens and the historical behavior of each address are verifiable on-chain, and there is no mechanism for manipulating airdrops. Regarding permissions and security, Hyperliquid stated that the CoreWriter specification is fully public and does not support token minting or unsigned movement of user funds. Regarding oracle prices, Hyperliquid explained that it uses a weighted median of prices submitted by multiple validators to ensure solvency during periods of high volatility. Currently, Hyperliquid consists of 24 validators executing the same state machine under the BFT consensus rules, and it will be fully open source in the future.