The post CZ prepares for Peter Schiff debate amid denial of Hyperliquid liquidity pool attack appeared on BitcoinEthereumNews.com.

Chapeng Zhao, alias CZ, Binance’s founder and former CEO, has been accused of the Hyperliquid attack, which drained $5 million from the liquidity pool. However, the billionaire said that he was not involved and has no ties with the exchange. After an unknown whale caused chaos on Hyperliquid, the crypto community did not see it as a random liquidation but a deliberate stress test or attack aimed at destabilizing Hyperliquid’s liquidity system. To that end, the community pointed at CZ. However, he responded to the speculation saying, “Glad to know I live rent free in your head […] but I have not used any other CEX for 8 years.” Still, the community is not buying it. One of the X users said that he could have instructed someone else to manipulate the market on his behalf. Another wrote, “He denies everything. lol. Look no further than his last week’s interview. He denied no business dealing with WLFI even after a clear business deal in place with WFLI on USD1. Denying the truth is no big deal for this dude.” Crypto community urge to move funds from Hyperliquid As a result of the attack, the crypto community has begun to urge each other to withdraw their funds from Hyperliquid. According to them, this is not the first incident on Hyperliquid this year, raising new questions about how the exchange handles liquidity concentration and systemic risk. One user said, “Only $5M and they’ve had to stop withdrawals […] The hyperfags are in full panic mode.” Last month, Hyperliquid experienced the highest dollar-value trades liquidated during a 24-hour selloff, totaling $10 billion, although it’s smaller than its competitor, Binance. The exchange struggled with low liquidity and prolonged liquidation times. The panic selling overwhelmed Hyperliquid’s order books, which were designed for fast and high-volume…

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Filed under: News - @ November 13, 2025 1:26 pm