Hyperliquid Founder Accuses Exchanges of Underreporting Liquidations
Hyperliquid founder Jeff has leveled sharp criticism against centralized exchanges for obscuring the true scale of liquidation events. Market data may be understated by a factor of 100, he claims, with platforms displaying single liquidation events when thousands occur simultaneously.
This opacity distorts risk assessment and volatility metrics, potentially misleading traders and analysts. The practice raises fundamental questions about transparency in crypto markets, where accurate data is critical for informed decision-making.