Hyperliquid Leads $10B Liquidations: Regulatory Scrutiny Needed?
Hyperliquid faced criticism after $10 billion in positions were forcefully closed during a recent crash, prompting calls for regulatory oversight.
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, emphasized the need for a probe, while Jeff Yan, CEO of Hyperliquid, deemed the claims "irresponsible", citing transparency as the reason for the high liquidation numbers.
Author's summary: Hyperliquid's $10B liquidation sparks regulatory debate.
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