Wu Blockchain (@WuBlockchain): CZ: I Went to Prison for Binance's Weak KYC, While Hyperliquid Has No KYC
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CZ: I Went to Prison for Binance's Weak KYC, While Hyperliquid Has No KYC On June 29, 2026, Binance founder CZ @cz_binance discussed Hyperliquid in an interview with The Block. He acknowledged its innovations but noted its no-KYC smart contract model fundamentally differs from a centralized exchange. CZ mentioned the protocol is controlled by a small team with closed-source code and significant authority. He believes today's regulatory environment is vastly different, noting he went to prison for Binance's weak KYC, whereas Hyperliquid has no KYC. Although he would strongly oppose Binance adopting a similar model, he hopes Hyperliquid succeeds. If their mechanism is verified as decentralized, it could bring greater freedom to the industry.