Woofun AI reports that Phantom has appointed Alvin Hsia, Emily Hsia, and Aris Samad from the defunct Ventuals team to its trading and data division. Ventuals operated a decentralized perpetual contract platform on Hyperliquid, facilitating pre-valuation trades for private firms and generating over $650 million in volume prior to its June shutdown.

CEO Brandon Millman highlighted Phantom's status as the top distribution partner in the Hyperliquid ecosystem. The recruitment targets the acceleration of product development in native derivatives trading and associated infrastructure, building on the new hires' expertise in open market creation.