Forward Industries' Kyle Samani criticizes Hyperliquid and Jeff Yan on Feb. 8, 2026

On February 8, 2026, Forward Industries chairman Kyle Samani criticized Hyperliquid and its founder Jeff Yan, alleging the platform embodies crypto's issues and is closed source and permissioned. The article notes these claims are unverified. Hyperliquid highlighted upcoming HIP-4 outcome markets and, following HIP-3, saw over $12 billion in volume via TradeXYZ.