Hyperliquid Founder Criticizes Binance’s Transparency Gap Amid Market Crashes

Hyperliquid founder Jeff Yan has criticized the lack of transparency in centralized exchange (CEX) liquidation reporting, highlighting the differences between the company’s model and those of traditional platforms. This comes after one of the largest liquidation events in crypto history, affecting over 1.6 million traders. The incident has spurred a broader conversation about fairness and accountability in the crypto trading environment.