OKX Founder and CEO Star publicly challenged CZ's recent remarks on compliance, asserting that Binance allegedly replicated Hyperliquid's business model through a separate shell entity. While CZ stated in an interview that he would not engage in Hyperliquid's practices due to regulatory risks, Star argued that the creation of an independent legal structure served as a superficial compliance measure. Star noted that if the operational mechanics, resource allocation, and incentive frameworks remain identical, the distinction between the two entities becomes negligible.

Meanwhile, Binance Co-CEO He Yi posted a broader commentary on professional ethics, suggesting that jealousy often drives individuals to undermine those who outperform them. He Yi emphasized that one's ceiling is determined by their leadership's mindset, urging the community to choose mentors wisely. This exchange underscores the intensifying narrative friction between industry leaders regarding competitive integrity and regulatory interpretation.