Hyperliquid leads $10B liquidations — Should ‘regulators look into the exchanges?’

Hyperliquid Faces Criticism After $10B Liquidations

Hyperliquid has been at the center of controversy following the recent crash, which resulted in $10 billion worth of positions being forcefully closed.

Regulators should look into the exchanges that had most liquidations in the last 24h and conduct a thorough review of fairness of practices.

Kris Marszalek, CEO of Crypto.com, called for a probe into Hyperliquid and other top platforms, while Jeff Yan, CEO and Co-Founder of Hyperliquid, defended the exchange, stating that its transparency and sharing of full data led to the high reported liquidation numbers.

Leaders are advocating for better use of insurance funds to safeguard traders' capital, raising questions about whether derivative exchanges will learn from the crash and implement measures to protect users in the future.

Author's summary: Hyperliquid faces criticism after massive liquidations.

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AMBCrypto AMBCrypto — 2025-10-12

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