Hyperliquid Lacks Regulatory Oversight, Controlled by Insiders

Hyperliquid is under the control of a small group of insiders and does not have formal regulatory oversight. This situation raises concerns about governance and transparency within the organization. The concentration of control among a limited number of individuals can lead to potential conflicts of interest and a lack of accountability. Without regulatory oversight, Hyperliquid may face challenges in ensuring compliance with industry standards and protecting the interests of its users. The absence of formal regulations can also hinder trust among stakeholders and the broader market.