I need to rebut a common misconception here:
@HyperliquidX's hands are NOT tied by
@chainalysis,
@trmlabs or
@elliptic
I have spoken to several compliance firms and they all said that they do not provide ban lists to their clients -- they merely provide factual tags like "wallet interacted with HTX"
They have all said that which wallets Hyperliquid bans is solely at the discretion of Hyperliquid
Hyperliquid's hands are also not tied by the law. The sanctions against
@HTX_Global are issued by the UK and applies to UK VASPs. Hyperliquid is Singapore based and the UK has no jurisdiction over Hyperliquid, let alone every wallet that has had the misfortune of unwittingly touching HTX after may 26th
Even if hypothetically, the law did apply to them, there is recourse to resolve it
>
@opensea unbanned all of my wallets
>
@Lighter_xyz,
@extendedapp,
@variational_io,
@hibachi_xyz and many more have not banned these same wallets because a couple of low 4 figs txns 1-3 days with a top 10 CEX post sanction, while most people were unaware, do not mean that an otherwise completely healthy wallet with rich onchain history is suddenly "high risk"
>
@megaeth are withholding my flux MEGA staking rewards, but at least they provide the option to KYC to claim them
A transparent and functioning review/appeal process does not put Hyperliquid in legal jeopardy. If it did, Opensea wouldn't have unbanned my wallets within hours
The ban is an overreaction to an already overreaching law by interpreting it to the absolute extreme and has trivialised actual risk analysis, as per
@zachxbt and
@tayvano_
Anyone arguing along the lines of "why would hyperliquid risk an empire for one person" would burn the world down if it was their wallets that were banned
In time, it will be those people's wallets because under this ridiculous interpretation of the sanction, any wallet that ever comes into contact with a wallet that came into contact with HTX will be banned and we're already seeing this:
Today,
@Duldul_Capital from
@get_truenorth was banned from HL because he lent some funds to a friend and that friend's wallet turned out to have interacted with HTX
On November 30th 2024,
@chameleon_jeff wrote:
"Finance is humanity's greatest invention. It is the only effective way to coordinate human effort across time and space. Yet, the legacy financial system contradicts its underlying goal of empowering individuals:
- it is opaque and centralized
- it is owned and operated by privileged insiders
- it doesn't embrace technological innovation to better serve users
Hyperliquid is the evolution of finance. And Hyperliquid has not succeeded until it houses all of finance. If you're reading this now, you're still early. The new financial system welcomes you with open arms."
Does this draconian ban empower individuals?
Is Hyperliquid's Discord support process anything other than opaque and centralized?
Is this new financial system welcoming users (who have dedicated their lives to it) with open arms?
If you are a .hl and what I,
@Duldul_Capital,
@0xdavyjones and thousands of others without a voice are going through doesn't matter to you, then neither does the hyperliquid ethos
summum ius, summa iniuria