Aster

Cryptocurrency

Jeff

Read

Hyperliquid

<div class="key-points-section"><b>What to Know:</b>
 <ul>
  <li>Changpeng Zhao addresses transparency issues at Binance.</li>
  <li>Privacy versus transparency in CEXs discussed.</li>
  <li>Jeff Yan’s concerns prompt industry-wide dialogue.</li>
 </ul>
</div> 
<p>Changpeng Zhao, founder of Binance, addressed transparency issues raised by Jeff Yan from Hyperliquid, highlighting differing views following a public exchange concerning decentralized exchange practices.</p>  
<p>The debate emphasizes the ongoing tension between transparency and privacy in decentralized exchanges, impacting industry standards and potentially influencing market strategies among leading crypto players.</p> 
<main>
 <section id="lede">
  <p>Changpeng Zhao, Binance founder, addressed transparency concerns expressed by <a href="https://cryptorank.io/news/feed/482b3-is-binance-backing-hyperliquid-cz-breaks-silence-reveals-founders-failed-binance-backed-project" rel="noopener noreferrer nofollow">Hyperliquid's founder, Jeff Yan</a>, during an exchange on X (Twitter).</p>
 </section>
 <section id="nutgraph">
  <p>The discussion underscores ongoing debates about privacy versus transparency within centralized and decentralized exchanges.</p>
 </section>
 <h2 id="binance-denies-funding-ties-with-hyperliquid">Binance Denies Funding Ties with Hyperliquid</h2>
 <section>
  <h2 id="binance-denies-funding-ties-with-hyperliquid">Binance Denies Funding Ties with Hyperliquid</h2>
  <p>Changpeng Zhao responded to <strong>transparency concerns</strong> raised by <a href="https://cryptorank.io/news/feed/0271b-binances-cz-responds-to-hyperliquid-rumors-in-new-gossip-tweet-community-reacts" rel="noopener noreferrer nofollow">Jeff Yan</a>. Zhao clarified that Binance has no funding or equity ties to Hyperliquid, demonstrating their distinct operational philosophies.</p>
  <p>Jeff Yan, founder of Hyperliquid, expressed concerns about transparency. Zhao noted their differing views, emphasizing <strong>Binance's commitment</strong> to being supportive of builders in the industry.</p>
  <blockquote>
   "If you didn’t know, Jeff (Hyperliquid) was part of the YZiLabs (Binance Labs back then) incubation season 1 cohort in 2018. Unfortunately, that project failed..." — Changpeng Zhao, Founder, Binance
  </blockquote>
 </section>
 <h2 id="privacy-debate-ignites-among-crypto-users">Privacy Debate Ignites Among Crypto Users</h2>
 <section>
  <h2 id="privacy-debate-ignites-among-crypto-users">Privacy Debate Ignites Among Crypto Users</h2>
  <p>The exchange has sparked debate about <strong>privacy versus transparency</strong> among crypto users. Binance's stance reflects a broader industry trend toward diverse operational models.</p>
  <blockquote class="twitter-tweet"><a href="https://twitter.com/abc/status/123456789" rel="noopener noreferrer nofollow"></a>
  </blockquote>
  <p>Finance implications are limited, as Binance holds no Hyperliquid stakes. Discussions may influence future <strong>privacy-focused developments</strong> in centralized and decentralized exchange platforms. <a href="https://cryptorank.io/news/feed/0123b-future-of-privacy-crypto" rel="noopener noreferrer nofollow">Future trends</a> highlight the expectation of a rising focus on privacy in blockchain technology.</p>
 </section>
 <h2 id="binance-s-historical-transparency-debates">Binance's Historical Transparency Debates</h2>
 <section>
  <h2 id="binance-s-historical-transparency-debates">Binance's Historical Transparency Debates</h2>
  <p>Similar debates around Binance's non-involvement in rival projects like <a href="https://www.xt.com/en/blog/post/cz-says-asters-privacy-beats-hyperliquids-transparent-order-books" rel="noopener noreferrer nofollow">Aster</a> underscore ongoing transparency <strong>discussions in the crypto</strong> domain. Yan's evolution from previous ventures highlights the dynamic nature of crypto projects.</p>
  <p>Looking ahead, experts suggest increased <strong>focus on privacy</strong> features may draw significant industry attention. Historical trends indicate a growing shift toward privacy-enhanced decentralized exchanges.</p>
 </section>
</main> 
<figure class="wp-block-table">
 <table class="has-fixed-layout">
  <tbody>
   <tr>
    <td><em><strong>Disclaimer</strong>: The information on this <a href="https://bitcoininfonews.com/" data-type="link" data-id="https://bitcoininfonews.com/" rel="noopener noreferrer nofollow">website</a> is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor.</em></td>
   </tr>
  </tbody>
 </table>
</figure>  <a href="https://bitcoininfonews.com/changpeng-zhao-transparency-concerns/" rel="noopener noreferrer nofollow">Read original article on bitcoininfonews.com</a>

Changpeng Zhao Addresses CEX Transparency Concerns Publicly

Table of Contents

BitcoinInfoNews.Com

Other articles published on Oct 13, 2025

Top Crypto Insiders Bet Huge on MoonBull as the Best New Coin to Join Today, While Litecoin (LTC)...

US Senate advances GAIN Act, prioritizing domestic AI and HPC chip sales

Crypto Surge: Anticipated All-Time High Forecasted

Best Cryptos to Buy at a Discount as Market Records the Largest Single-Day Liquidation in History

Bitcoin DeFi Gains Momentum with New Integrations and Demos

Major Crypto Exchange Takes Bold Step Following Token Turmoil

Join our free newsletter for daily crypto updates!