Hyperliquid Raises Concerns About CEX Liquidation Transparency

A community member at Hyperliquid has sparked a debate about the transparency of centralized exchange (CEX) liquidation data, highlighting discrepancies between on-chain and off-chain reporting methods. The discussion arose after sharing a screenshot from Binance’s liquidation order documentation showcasing how the exchange underreports actual liquidations during volatile periods. Hyperliquid emphasizes its own blockchain infrastructure as an example of fully onchain transparency. ]