Summary
Ketju does not approve Hyper Unit: reports say three operators run its custody network with a 2-of-3 signing threshold, so any two of them can move funds, and we found no audit of Unit itself. A user deposits native BTC, ETH, SOL or another asset on its home chain, and Unit mints a matching balance on Hyperliquid. Unit is separate from the Hyperliquid Bridge, the USDC route from Arbitrum to HyperCore, which Ketju also does not approve. Unit's “Guardian Network” uses MPC threshold-signature cryptography and not a conventional multisig. Three parties is a smaller, more concentrated trust set than the Hyperliquid Bridge's 27 validators. Advanced cryptography does not make up for having only three parties.
Review triggers
- The guardian count grows materially, for example to seven or more, with the operators publicly named
- An independent security audit of Unit itself, not the general Hyperliquid L1 audit, is published with no critical findings outstanding
- Withdrawal timing and dispute or challenge mechanics are independently confirmed and pass a stressed withdrawal test at the proposed size
- Twelve months in a row with no compromise of a guardian key or an MPC ceremony
Facts
- Verdict
- Not approved
- Type
- Other
- Chains examined
- Ethereum
- Reviewed
- Last confirmed