
OKX founder and CEO Star disputed CZ's comments on Hyperliquid, accusing Binance-linked efforts of copying its model through a separate entity despite acknowledged compliance risks.
Debate over Hyperliquid widened after OKX founder and CEO Star challenged recent comments by CZ, who had said in an interview that Hyperliquid's innovation was strong but that he would never do what it is doing because of compliance concerns. In a social media post on June 17, Star said CZ fully understood the legal and regulatory risks yet still created a shell company that copied Hyperliquid's business model, promoted it personally, and shared resources extensively with it. Star argued that if the business model, resources, personnel and incentives were largely the same, the distinction of using an independent entity was questionable. The exchange adds a new layer to attention around the upcoming CZ interview, which had already drawn notice for his expected remarks on Hyperliquid.