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

Hyperliquid Leads $10B Liquidations: Call for Regulatory Probe

Hyperliquid faced massive criticism following its massive liquidation during the recent crash, with $10 billion worth of positions wiped out.

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, deemed the claims "irresponsible" and clarified that DEX's liquidation was the highest due to its transparency.

Leaders are calling for better use of insurance funds to safeguard traders' capital, and the question remains whether derivative exchanges will learn from the crash and safeguard their users next time.

Author's summary: Hyperliquid faces criticism after $10B liquidation.

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AMBCrypto AMBCrypto — 2025-10-12

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