Hyperliquid Calls Out Centralized Exchanges for Underreporting Liquidations

A Hyperliquid community member has sparked debate across the crypto space with a post contrasting fully onchain transparency with how centralized exchanges (CEXs) handle – and often underreport – liquidation data. The discussion gained traction after the user shared a screenshot from Binance’s liquidation order documentation, highlighting how the exchange’s reporting structure could significantly downplay