Did Hyperliquid’s Jeff Yan Unmask CZ’s Dark Pools? Shocking Revelations! 😱🔥

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Hyperliquid’s Founder Returns Fire with Sarcastic Smirk and a Wink! 💥

  • Jeff Yan dismisses CZ’s whimpering about dark pools after James Wynn’s $100 million BTC tantrum. 😏
  • Yan hints that insiders and unscrupulous operators can cheat with private ‘dark pools’—shocking, I know!

In a move that could only be described as ‘counter-punching with style,’ Hyperliquid’s Jeff Yan took to the digital stage, sneering at Binance’s Changpeng Zhao (CZ) for pushing the idea that private traders’ open positions are the secret sauce to avoiding the notorious liquidation hunts. 😎

On the 3rd of June, amid the usual chaos, Yan posted a modern-day telegram:

“Users are less likely to be successfully hunted if everyone knows liquidation and stop prices than when only the exchange operator (CEX) knows.”

His genius proposal? Keep the ‘margin privacy’ or liquidation points a secret—like a clever poker face—so the liquidation hunt doesn’t turn into a circus. Because who doesn’t love a good game of hide-and-seek with their assets? 🎩

Liquidation level—think of it as a ‘red line’—when crossed, prompts the automatic liquidation of your precious leveraged treasure, either by CEX or DEX. Quite the dramatic climax for your trading story! 🎭

Are whales getting special treatment from Hyperliquid?

Yan whispers that CEXs are not exactly saints—they cheat, they peek, and they sniff out insider info like hounds on a scent. 🐕‍🦺 As a result, these exchange overlords can hunt down *those* pesky whales, turning a simple game into a blood sport.

But fear not! Yan suggests that open pools—like the glorious Hyperliquid DEX—level the playing field, allowing whales to outsmart the hunters and snag discounts like savvy pirates. 🏴‍☠️

Whale and hunter in an epic showdown

This spicy debate ignited when Hyperliquid’s very own whale, James Wynn, lost a staggering $100 million BTC in a liquidation hunt last week. The waves of drama are still rippling! 🌊

In his turn, CZ fired back — literally — criticizing Hyperliquid’s open pools, claiming they’re basically neon-lit pickpocket fairs where everyone can see and front-run each other’s moves. Besides, high slippage and crazy costs allegedly plague these platforms, turning trading into a roller coaster ride of despair. 🎢

In a twist typical of crypto soap operas, CZ proposes a bold idea: private ‘dark pools’—like the financial secret societies of yore—drawing parallels from traditional finance (yes, those old fogies with their secret handshakes). 🕵️‍♂️

“I think now might be a good time for someone to launch a dark pool perp DEX. I have always been puzzled with the fact that everyone can see your orders in real-time on a DEX.”

But Yan, cool as ever, counters that even dark pools are not immune to insider shenanigans. Gasp! Who would have thought? Meanwhile, Wintermute’s Evgeny Gaevoy just calls it a masterful promo stunt for Hyperliquid, as if anyone needed more drama. 🎭

“But generally, I think ‘Wynn’ is just a well-executed HL promo campaign, well played.”

Amidst this cosmic chaos, Binance US dropped a bombshell: they’re listing Hyperliquid’s HYPE! The crypto world’s equivalent of free beer at a party. 🍺

“The $HYPE is real. Spot trading for Hyperliquid is coming soon to Binance.US.”

Soon after, HYPE skyrocketed over 12%, surpassing $35—closer and closer to that elusive $40 mark, because what’s life without a little hype and a dash of chaos? 🚀

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2025-06-03 14:20