Gate News, April 14—Hyperliquid founder Jeff Yan and members of his team recently received a feature interview from Colossos magazine. In the interview, Jeff mentioned his career before founding Hyperliquid in 2022. Before starting Hyperliquid, Jeff almost single-handedly ran one of the largest anonymous trading teams in the crypto industry at the time: Chameleon Trading. “Chameleon” was the nickname he used when playing games during his middle school years. Jeff started with his $10k in savings, and over the course of two and a half years he achieved year-over-year growth of thousands of percentage points. At age 27, he had already achieved financial freedom. In 2022, the Chameleon Trading team had expanded to six people. But at that time, Jeff believed the crypto industry had almost made no meaningful progress after Bitcoin and Ethereum; the market’s two largest exchanges were still centralized. The vision Nakamoto originally conceived for Bitcoin was being buried by this industry. Therefore, driven by this industry-wide unease and the fallout from the FTX collapse, Jeff shut down Chameleon Trading and set out to build the decentralized exchange Hyperliquid.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Sui DeFi lending protocol Scallop is hacked, with a vulnerability in the old contract leading to 150k SUI stolen
Scallop was attacked on the Sui chain, and the side contract involved led to the sSUI rewards pool being exploited. Approximately 150k SUI were stolen. The core contract is secure, and deposits and withdrawals have been restored. The official statement applies only to the deprecated rewards contract; users’ funds were not affected. Former NEAR developer Vadim said the vulnerability originated from an outdated V2 package from 17 months ago, where not initializing last_index caused rewards to accumulate starting in 2023. The fix requires adding a version field to the shared object and strengthening version checks to prevent risks caused by outdated packages.
ChainNewsAbmedia8m ago
JPMorgan: Tokenization Will Transform Funds Industry, But 'Good Use Cases' Years Away
JPMorgan's global head of ETF product, securities services, Ciarán Fitzpatrick, stated that tokenization will drive change across the entire funds industry, according to a post from Friday. Fitzpatrick noted that while experimentation with tokenizing ETFs is ongoing, the bank estimates it will be "a
CryptoFrontier1h ago
Aave, Kelp, LayerZero Propose Releasing $71M in Frozen ETH to Support rsETH Recovery
Gate News message, April 26 — A coalition of major DeFi protocols led by Aave Labs, joined by Kelp DAO, LayerZero, EtherFi, and Compound, filed a Constitutional AIP on Saturday morning asking the Arbitrum DAO to release approximately $71 million in frozen ETH to support DeFi United, a cross-protocol
GateNews3h ago
Scallop Discovers sSUI Reward Pool Vulnerability, Suffers 150K SUI Loss but Pledges Full Reimbursement
Gate News message, April 26 — Scallop, a lending protocol in the Sui ecosystem, announced the discovery of a vulnerability in an auxiliary contract associated with its sSUI reward pool, resulting in a loss of approximately 150,000 SUI. The affected contract has been frozen, and Scallop confirmed
GateNews4h ago
BHT Device Cluster DAPP Goes Live Globally, MOVA Ecosystem Application Layer Advances
Gate News message, April 26 — BHT (Balance Hub Terminal) announced today that its device cluster DAPP has officially launched globally, with operations beginning at 12:00 UTC / 08:00 ET on April 26, 2026.
As a core application layer within the MOVA Chain ecosystem, BHT focuses on device clusters an
GateNews6h ago
Ripple Custody Platform Now Live With Major Banks Across Europe, Asia, and Middle East
Gate News message, April 26 — Ripple has deployed its institutional-grade digital asset custody platform, Ripple Custody, with leading financial institutions across multiple regions. The API-first platform integrates with existing banking infrastructure and provides instant wallet provisioning,
GateNews7h ago
