Multisig signers co-hosted

Hyperliquid's assessment for RD-F-029 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

Initial 4-validator set was entirely Hyperliquid Labs team members — maximum co-hosting. Post-expansion, independent analysis (Jan 2025) suggests 7 of 11 independent validators have questionable independence. No public key-custody attestations from validators. Closed-source node software prevents external validation.

Sources #

URL
Hyperliquid under scrutiny amid signs of North Korean hacker activityBlockworks DPRK analysisretrieved 2026-04-28
URL
Bridge in Arbitrum is still a 3/4 multisigSantisa X postretrieved 2026-04-28

Methodology #

Determine whether multisig signers share ASN / data-center / custodian according to on-chain and OSINT inference.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol hyperliquid factor RD-F-029 score yellow collected_at 2026-04-28 13:58:49