Multicoin Accused of Working Against Solana Builders Over Hyperliquid Backing

Kyle Samani, former co-founder of Multicoin Capital and current Chairperson of Forward Industries (FWDI), has made a public accusation against his former firm. He claims that Multicoin is 'working against' Solana builders due to its backing of Hyperliquid.

The dispute began after a joint submission from Multicoin-Hyperliquid to the Commodity Futures Trading Commission (CFTC) advocating for a federal framework for prediction markets.

Samani has repeatedly criticized Hyperliquid's closed-source, permissioned architecture, previously calling it 'everything wrong with crypto.'