OKX’s Star Xu Accuses CZ of Mixed Messages on Hyperliquid
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Binance CEO Changpeng Zhao recently praised Hyperliquid’s technology as an important crypto innovation but said Binance cannot adopt its no-KYC model due to legal and regulatory risks, highlighting a DeFi vs CEX compliance divide. OKX founder Star Xu challenged CZ’s comments, arguing Binance-linked Aster operates similarly; CZ confirmed Aster employs former Binance staff and that YZi Labs holds a minority stake, raising governance and regulatory scrutiny around off-exchange models.
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- Zhao praised Hyperliquid’s technology but said Binance cannot adopt its no-KYC model.
- Star Xu challenged CZ’s comments, arguing Binance-linked Aster operates similarly to Hyperliquid.
- CZ confirmed Aster employs former Binance staff, while YZi Labs holds a minority stake in the project.
A fresh dispute has broken out between OKX founder Star Xu and Binance founder Changpeng Zhao after comments made by CZ about Hyperliquid.
During a recent interview, Zhao praised Hyperliquid’s technology and called the platform an important innovation. At the same time, he said Binance could not follow the same path because Hyperliquid operates without KYC checks and faces legal and regulatory risks.
CZ said Hyperliquid serves a market Binance cannot compete in and added that the platform likely has strong legal advisors. Star Xu quickly challenged those remarks.
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